InterMedia Partners
Encyclopedia
InterMedia Advisors, LLC, also known as InterMedia Advisors is a private equity
investment firm focused on leveraged buyout
and growth capital
investments in the media
sector.
The firm, which was founded in 2005 by notable private equity investor Leo Hindery, is based on the 48th floor of the Chrysler Building
in Midtown Manhattan
, New York City
.
Among the firm's most notable investments are Thomas Nelson
, Universal Sports
, @Home Network
, InterMedia Outdoors
, Vibe Lifestyle Network, and Puerto Rican station WAPA-TV
.
joined the firm as a senior adviser. It was during his time at InterMedia that Daschle reportedly had the use of a limousine
and chauffeur
that he did not report in his income taxes.
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
investment firm focused on leveraged buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
and growth capital
Growth capital
Growth capital is a type of private equity investment, most often a minority investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets or finance a significant acquisition without a change of control of the business.Companies...
investments in the media
Mass media
Mass media refers collectively to all media technologies which are intended to reach a large audience via mass communication. Broadcast media transmit their information electronically and comprise of television, film and radio, movies, CDs, DVDs and some other gadgets like cameras or video consoles...
sector.
The firm, which was founded in 2005 by notable private equity investor Leo Hindery, is based on the 48th floor of the Chrysler Building
Chrysler Building
The Chrysler Building is an Art Deco style skyscraper in New York City, located on the east side of Manhattan in the Turtle Bay area at the intersection of 42nd Street and Lexington Avenue. Standing at , it was the world's tallest building for 11 months before it was surpassed by the Empire State...
in Midtown Manhattan
Midtown Manhattan
Midtown Manhattan, or simply Midtown, is an area of Manhattan, New York City home to world-famous commercial zones such as Rockefeller Center, Broadway, and Times Square...
, New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
.
Among the firm's most notable investments are Thomas Nelson
Thomas Nelson (publisher)
Thomas Nelson is a publishing firm that began in Scotland in 1798 as the namesake of its founder. Its former US division is currently the sixth largest American trade publisher and the world's largest Christian publisher. It is owned by the private equity firm Kohlberg & Company...
, Universal Sports
Universal Sports
Universal Sports is an American television network that airs various sports, primarily those contested in the Olympic Games, including swimming, gymnastics, cycling, track and field, figure skating, skiing, bobsledding and triathlon.-Programming:...
, @Home Network
@Home Network
@Home Network was a high-speed cable Internet service provider from 1996 to 2002. It was founded by Milo Medin, cable companies TCI, Comcast, and Cox Communications, and William Randolph Hearst III, who was their first CEO, as a joint venture to produce high-speed cable Internet service through...
, InterMedia Outdoors
InterMedia Outdoors
InterMedia Outdoors is an outdoors magazine publishing group in the United States. They publish 17 hunting, fishing and shooting magazines, and own The Sportsman Channel specialty channel, which was purchased from its founders in June 2007...
, Vibe Lifestyle Network, and Puerto Rican station WAPA-TV
WAPA-TV
WAPA-TV is an independent television station located in San Juan, Puerto Rico transmitting over digital channel 27, virtual channel 4. The station is owned by InterMedia Partners and is branded as WAPA Television....
.
Tom Daschle
In 2005, Tom DaschleTom Daschle
Thomas Andrew "Tom" Daschle is a former U.S. Senator from South Dakota and former U.S. Senate Majority Leader. He is a member of the Democratic Party....
joined the firm as a senior adviser. It was during his time at InterMedia that Daschle reportedly had the use of a limousine
Limousine
A limousine is a luxury sedan or saloon car, especially one with a lengthened wheelbase or driven by a chauffeur. The chassis of a limousine may have been extended by the manufacturer or by an independent coachbuilder. These are called "stretch" limousines and are traditionally black or white....
and chauffeur
Chauffeur
A chauffeur is a person employed to drive a passenger motor vehicle, especially a luxury vehicle such as a large sedan or limousine.Originally such drivers were always personal servants of the vehicle owner, but now in many cases specialist chauffeur service companies, or individual drivers provide...
that he did not report in his income taxes.