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To: INFE, MFM and BCCA Membership
Subject: INFE / MFM Combination
Date: August 12, 2009
We are very pleased to announce that an agreement has been reached between INFE (Interactive and Newsmedia Financial Executives) and MFM (Media Financial Management Association) that will combine the organizations into one under MFM's leadership. With the ongoing convergence of media, we believe this will provide a very powerful, collaborative, and educational base to our members. Both organizations have well respected brands in the industry, as INFE and MFM have been successfully serving their members in the newspaper, broadcast and cable industries for over 61 and 49 years, respectively.
The integration of INFE membership into MFM will allow INFE and MFM's members to continue receiving the services that they have previously enjoyed in addition to opening up the opportunity to receive the benefits that are available to the other organization's members. INFE members will now be able to access the benefits of MFM's BCCA subsidiary, which provides credit and collections reports and related services customized for media companies.
Collaboration between the two organizations began more than a year ago. Most recently, MFM provided INFE members with the opportunity to participate in its Annual Conference and Distance Learning Seminars. MFM members will soon be receiving a version of INFE's highly valued weekly e-letter, which contains the latest news of interest to the respective INFE and MFM members and, beginning in September, INFE members will be mailed copies of "The Financial Manager," MFM's bi-monthly member magazine. INFE members will receive a welcome packet from MFM in the coming weeks that will provide more details about MFM and the benefits and services it provides its members.
Like INFE, MFM relies heavily upon its standing committees for guidance in setting the agenda for its Annual Conference, other educational programs and membership services. The roster includes a committee devoted to new media as well as committees focused on accounting, tax and other finance issues. We encourage INFE members to learn more about these committees and to get involved in them as a way to assist MFM in ensuring that its programs continue to meet your needs.
As finance professionals, INFE and MFM members share an appreciation for strategies that enhance the scope and quality of service that we provide to our customers while contributing to the financial vitality and growth of our companies. The same objectives have driven the decision to merge INFE and MFM's memberships under one leadership and staff devoted to serving your needs and interests. Not only will it enhance the scope and quality of services that you receive as members of MFM, it will help to ensure that we continue to deliver on our common mission in support of the media industry's finance professionals for decades to come.
Sincerely,
Jeff Hood Sam Bush
President, INFE Chairman, MFM
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