Congratulations to my friend and former colleague Doug Manoni, who was named CEO of Source Media this week.
Doug and I worked at Cowles Business Media through the better part of the 1990′s. At the end, Doug was my CFO.
He’s an interesting study for people who wonder about the future of business-to-business companies. Doug is a logical and sensible guy who understands that everything in the end comes down to cash: Who will pay you and who do you have to pay? He’s intellectually curious and enjoys interacting with new people. He doesn’t get overwhelmed by the things he doesn’t know and he’s grown more and more confident over the years in his own decisions.
This personality has helped Doug develop a bias towards extending diversifying his businesses to incorporate higher value content. He’s made this transition twice before from traditional advertising-based businesses successfully. I’m sure he’ll manage to do it again in this role.
[A note: the Chairman of Source, Marty Maleska, is member of the NCI board.]
