The Chernin Group launches Asian Media Company; names it CA Media

The Chernin Group today announced the formation and launch of CA Media, a company that will strategically build, manage, and operate media, entertainment, and technology businesses throughout Asia. The Chernin Group also announced that Peter Chernin will be Chairman of CA Media and Paul Aiello, who along with Chernin is a founding shareholder of the company, will be CEO.

by exchange4media Staff
Published - Nov 9, 2010 7:43 AM Updated: Nov 9, 2010 7:43 AM
The Chernin Group launches Asian Media Company; names it CA Media

The Chernin Group today announced the formation and launch of CA Media, a company that will strategically build, manage, and operate media, entertainment, and technology businesses throughout Asia. The Chernin Group also announced that Peter Chernin will be Chairman of CA Media and Paul Aiello, who along with Chernin is a founding shareholder of the company, will be CEO.

Focused initially on China, India, and Indonesia, CA Media aims to capitalize on the compelling growth characteristics of these markets. It will bring to bear the global management, strategy, and business-building experience of Chernin and the Asia Pacific operational and transactional experience of Aiello.

CA Media intends to focus on a broad range of opportunities in content creation (specifically, film and TV production), television networks, sports, education, advertising and digital media.

“We see tremendous opportunity across Asia, but particularly in India, China, and Indonesia,” said Chernin. “These markets provide the ideal blend of economic, demographic and industrial dynamism required to build a pan-Asian media organization of significant scale. In Asia, there is less distinction between ‘traditional media’ and ‘new media.’ Nearly everything is growing, which allows for more robust prospects across the industry—prospects that we find enormously exciting.”

In addition to its principals’ track records leading successful global media enterprises, CA Media will have the benefit of unique structural and operational independence. The company plans to team with local entrepreneurs, strategic partners, and financing sources to launch new enterprises, enhance the growth of businesses in their formative stages and selectively pursue later-stage transactions.

“We are uniquely familiar with the development of the global media industry and we have distinctive insight into how it is likely to evolve in Asia,” said Aiello. “We intend to make a meaningful contribution to this great story.” In addition to The Chernin Group and Aiello, the initial investors in CA Media include Allen & Company LLC, Brookside Capital (an affiliate of Bain Capital), Gordon Crawford and Kimberly Querrey, among others.

CA Media will be headquartered in Hong Kong and initially intends to build a local presence in India, China, and Indonesia.
 

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