Dick Clark Productions Parent Company Names New President
DC Media, the parent company of Dick Clark Productions, has tapped former TV Guide Network president Michael Mahan to be its new president.
He will oversee the company's business affairs, distribution and acquisitions. Mahan will be based in Los Angeles and will report to Allen Shapiro, CEO of DCP.
The new job represents a homecoming for Mahan, who served as DCP's senior vice president of corporate development before the company was sold in 2007 to Red Zone Capital, the private equity firm run by Washington Redskins owner Daniel Snyder.
"It's such a pleasure to welcome Michael back into the DCP family," Shapiro said in a statement. "His track record of creating value will be invaluable as we take Dick Clark Productions to the next level. We're all looking forward to launching this new chapter with him."
Red Zone sold its interest in DCP to a consortium of investors led by Guggenheim Partners last winter. DCP is best known for overseeing the annual Golden Globe Awards telecast. It also produces the American Music Awards and "So You Think You Can Dance."