| Business Summary | | Select
Media
Communications
Inc.
is
a
media
company.
In
January
2000,
Select
Media
repositioned
its
business
as
the
owner
of
entertainment
content
providers
whose
product
is
marketed
through
traditional
media
and
over
the
Internet
with
the
acquisition
of
Sigma
Sound
Studio
Inc.
During
2000,
the
Company's
revenue
came
from
the
distribution
of
video
news
releases,
its
international
news
division
and
revenue
from
its
Sigma
Sound
Studio,
Inc.
subsidiary.
Sigma
is
a
full
service
recording
studio
that
provides
services
to
record
companies,
independent
artists
and
record
producers.
Sigma
is
a
recording
facility
with
both
analog
and
digital
capabilities.
Sigma
and
its
staff
of
engineers
assist
record
producers
in
recording,
mixing
and
editing
music
and
video
tracks
for
sale
as
recorded
music
or
videos. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Select
Media
Communications,
Inc.
is
an
intergrated
media
company
engaged
in
the
production
and
distribution
of
programming,
video
press
releases
and
news
segments.
For
the
six
months
ended
6/30/01,
sales
fell
69%
to
$114
thousand.
Net
loss
fell
59%
to
$2.3
million.
Revenues
reflect
the
loss
of
SITN
revenues
and
the
deconsolidation
of
Sigma.
Lower
loss
reflects
the
move
by
the
Company
to
smaller
facilities
and
a
decrease
in
staff
related
to
restructuring
initiatives. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| James Mongiardo, 54 Chairman,
CEO | -- | Joseph Tarsia, 65 Pres
of Sigma Sound | -- | Mitch Gutkowski, 45 CCO,
Director | $42M | Billy Terrill, 55 Exec.
VP of Sigma Sound | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|