BNET Industries

Market Cap:$146.2K
Last Fiscal Year Sales:$36.1M
  • Public
  • US
Dow Jones Description

American Community Newspapers is one of the top community newspaper publishers in the United States based on circulation, and operates in four of the most attractive major U.S. markets: Minneapolis - St. Paul, Columbus, Dallas - Fort Worth and Suburban Washington, D.C. - Northern Virginia. The Company's award winning group of 86 newspapers and fourteen niche publications reaches approximately 1.4 million households in the suburban communities surrounding these major cities and enjoys market leading circulation penetration in all of its markets. ACN serves some of the most affluent, high growth markets in the United States, and is strategically positioned in the wealthiest counties in each market, including Hennepin County in Minnesota, Delaware and Union Counties in Columbus, Ohio, Collin County in Texas and Fairfax, Arlington and Loudoun Counties in Northern Virginia. The Company is focused on providing high quality, local editorial content to its readers, and targeted advertising packages to local and national advertisers. ACN's goal is to be the preeminent provider of local content and advertising in any market it serves. The Company is widely recognized and admired for its editorial content and value it offers its advertising customers. ACN's editorial philosophy at each of its newspapers is to be local to the community it serves. As a result, each newspaper mirrors the goings-on and happenings for that local audience. ...

Chairman of the Board and Chief Executive Officer
Eugene M Carr
Number of Employees 502
Contact Information

14875 Landmark Blvd Ste 110

Addison, Texas 75254

www.americancom...

(972) 628-4080

NAICS Code Miscellaneous Intermediation: 523910

Decision Makers

Name (plus bio) Position
Bruce M. Greenwald President
Carl D Harnick Chief Financial Officer
Daniel J Wilson Vice President and Cfo
David J Kosofsky Chief Financial Officer
Norman K. Styer Publisher and Editor-In-Chief, Leesburg Today and Executive Editor, Loudoun Magazine
Gregg H Mayer Vice President, Controller and Secretary
Jeffrey B Coolman Vice President of Sales and Minnesota Group Publisher
Roy D. Biondi Vice President and Group Publisher, American Community Newspapers Columbus
Bill Weaver Group Publisher
Robert H. Cole Group Publisher, Minnesota Sun Newspapers
Nancy L. Lewis Corporate Maj Account Sales Director
Barry Rubenstein General Partner of Seneca Ventures, Woodland Venture Fund and Woodland Partners
Grant Thornton Principal Accountant
John A Erickson Certified Public Accountant
Richard D. Hendrickson
Peter R Haje Director

Board of Directors

Name (plus bio) Position
Eugene M Carr Chairman of the Board and Chief Executive Officer
Darren M Sardoff Board of Directors
Dennis Leibowitz Board of Directors
Richard D. Goldstein Board of Directors
Robert H Bloom Board of Directors
Walker C Simmons Board of Directors

Organization Position Status
Minnesota Sun Publications CEO Current
American Community Newspapers Inc. Chairman of the Board and Chief Executive Officer Current
The Brown Publishing Company Chief Executive Officer Former
Minnesota Sun Publications President Former
American Community Newspapers Inc. President Former
The Profits President Former
Trinity Holdings Vice President of Sales and Marketing Former
The Lorain Journal Company-The Morning Journal Publisher Former
Minnesota Sun Publications Group Publisher Former
American Community Newspapers Inc. Group Publisher Former
The Brown Corporation Former
Village Voice Media, Inc. Director Former
American Community Newspapers Inc. Director Former

Organization Position Status
American Community Newspapers Inc. President Current
Aep Capital LLC Current
The Washington Institute for Near East Policy Board of Directors Current
American Community Newspapers Inc. Board of Directors Current
The Bronx Charter School for Children Treasurer Current
The Washington Institute for Near East Policy Trustee Current
Alpine Capital Corp. Senior Managing Director Former
Education Excellence Founder Former

Carl D. Harnick was appointed to our board of directors on February 7, 2005. Mr. Harnick has served as Vice President and Chief Financial Officer of Courtside Acquisition Corp since March 18, 2005. Mr. Harnick was a partner with Ernst & Young and its predecessor for thirty years, retiring from the firm in September 1997. Since leaving Ernst & Young, Mr. Harnick has provided financial consulting services to various organizations, including Alpine Capital, a private investment firm, at various times since October 1997. He was a director of Platinum Entertainment, Inc., a recorded music company, from April 1998 through June 2000, Classic Communications, Inc., a cable television company, from January 2000 through January 2003, and Sport Supply Group, Inc., a direct mail marketer of sporting goods, from April 2003 through August 2004. Mr. Harnick has been the Treasurer as well as a Trustee for Prep for Prep, a charitable organization, for more than five years.

Organization Position Status
American Community Newspapers Inc. Chief Financial Officer Current
American Community Newspapers Inc. Vice President Current
Sport Supply Group, Inc. Director Former
Classic Communications, Inc. Director Former
Platinum Entertainment Director Former

Organization Position Status
American Community Newspapers Inc. Vice President and Cfo Current
American Community Newspapers Inc. Director Current
Marcus & Partners Co-Founder Former
Marcus & Partners Partner Former
Texas Community Newspaper Association, Inc Director Former
Saint Louis University Bachelor of Science In Business Administration Degree Former

Organization Position Status
American Community Newspapers Inc. Chief Financial Officer Current
Belo Corp. Auditor Former
Assa Abloy Hospitality Former
Banctec, Inc. Director Former
University of North Texas Master's Former
University of North Texas Bachelor's Degrees In Accounting Former

Norman K. Styer joined the Company in March 2006 as Publisher and Editor-in Chief of Leesburg Today and Executive Editor of Loudoun Magazine and Loudoun Business. In his current position, he is responsible for all editorial aspects of the Company's Loudoun County, Virginia based publications which consist of the weekly Leesburg Today, the monthly Loudoun Business and the quarterly Loudoun Magazine. Combined and non duplicated circulation for the group is approximately 100,000 households. Mr. Styer joined Leesburg Today in 1989 as its first full-time reporter and in 1996 was named Managing Editor for multimedia operations, in charge of developing the newspaper's Web site and overseeing its cable television news programming. In 1997, he was named Editor of Leesburg Today and was elected to the newspaper's Board of Directors, serving terms as Chairman and Secretary. Prior to joining Leesburg Today / Amendment One, Mr. Styer served as Assistant Editor of The Gazette Newspapers in Falls Church, Virginia. Mr. Styer is a graduate of Penn State University with a degree in print journalism. He has been active in the community and served on the Board of Directors of Amendment I, Inc. prior to its sale to the Company in March 2006.

Organization Position Status
American Community Newspapers Inc. Publisher and Editor-In-Chief, Leesburg Today and Executive Editor, Loudoun Magazine Current
Loudoun Magazine Publisher Current
Loudoun Magazine Executive Editor Current
Gazette Newspapers Assistant Editor Former
The Pennsylvania State University Degree In Print Journalism Former

Organization Position Status
American Community Newspapers Inc. Vice President, Controller and Secretary Current

Organization Position Status
American Community Newspapers Inc. Vice President of Sales and Minnesota Group Publisher Current
The Brown Publishing Company Group Advertising & Marketing Director Former
American Community Newspapers Inc. Advertising Director Former
The Lorain Journal Company-The Morning Journal Former
Battle Creek Enquirer Former

Roy D. Biondi joined the the Company in June 2007, after having served as Group Publisher of Greater Kansas City Community Newspapers since 2004. In his current position, he is responsible for advertising, circulation and operations of the Company's Columbus area operations which consists of a 26 publication, clustered newspaper and magazine group with approximately 412,000 in circulation. Prior to moving to the Kansas City area, Mr. Biondi was Publisher of the Times Herald in Olean New York, as well as Sales and Marketing Manager for Bradford Publishing Company. Mr. Biondi began his career as District Circulation Manager for the Newark Advocate in Newark, Ohio. He later served as a Circulation Manager for the Ocean County Observer in Toms River, New Jersey, and as Circulation Sales and Promotion Manager for the Altoona Mirror in Altoona, Pennsylvania. Mr. Biondi later headed the circulation department at the Evening Sun in Hanover, Pennsylvania, and the Woonsocket Call in Woonsocket, Rhode Island, before taking a position as a consultant for Thomson Newspapers in Kansas City, Missouri. In that position, he worked with Thomson-owned newspapers with over 150,000 circulation in the Western and Southern regions of the U.S. Prior to becoming Publisher of the Times Herald in January 1999, he held the position of Publisher in Ada, Oklahoma from 1993 through 1999. Mr. Biondi graduated from Muskingum College in Ohio.

Organization Position Status
American Community Newspapers Inc. Vice President and Group Publisher, American Community Newspapers Columbus Current
Muskingum College Former

Bill Weaver joined the Company in January 2007 as Group Publisher of Star Community Newspapers. In this position, he is responsible for advertising, circulation and operations of the Company's Dallas area operations which consists of 2 dailies, 14 weekly and six niche publications with circulation of approximately 298,000. Mr. Weaver began his career in publishing in 1975, when he joined the start-up company, Pennysaver Publications of Pennsylvania Inc. During his tenure there, he was instrumental in growing the company from a 16,000 circulation single edition shopper publication to its current circulation of 780,000 and 83 weekly direct mail editions. From 1975 through 2006, Mr. Weaver held a number of positions with Pennysaver, including Mail Room Manager, Accounting Manager, Vice President of Operations, Vice President of Classifieds and most recently, General Manager. During his more than 30 years with Pennysaver, Bill has had the opportunity to work with several parent companies including the French media giant, Havas SA, UK's Trinity Mirror plc, and most recently, the Tribune-Review Publishing Company. Mr. Weaver graduated from California University of Pennsylvania with a degree in Physics and received his MBA from Indiana University of Pennsylvania. He has been an active member of several newspaper trade associations.

Organization Position Status
Star Community Newspapers Group Publisher Current
American Community Newspapers Inc. Group Publisher Current
Indiana University of Pennsylvania MBA Former
California University of Pennsylvania Degree In Physics Former

Bob joined ACN in April 2008 as the Group Publisher of the Minnesota Sun Newspaper. In his current position, he is responsible for advertising, circulation and operations of the Company's Minnesota operations which consists of a 44 publication, clustered newspaper group with approximately 485,000 in circulation. Mr. Cole joins ACN from ECM Publishers, which publishes 26 weekly community newspapers and advertising publications along with companion community Web sites, where he served as a member of the senior management team and most recently as Marketing Director. During his 19-year tenure at ECM, Mr. Cole helped grow the company's revenues across their print and online publications as well as in its commercial printing operations. His day-to-day responsibilities focused on developing short and long term plans and initiatives for the company that included product development for online products, sales and training, and supporting the company's acquisition processes. He was also called upon to fill interim general management positions in various company locations. Outside of ECM, Mr. Cole has been highly involved in the publishing industry. He is currently serving as director and treasurer of Independent Free Papers of America, and was formerly president of the Minnesota Free Papers Association and past director of the Wyoming Newspaper Association. In addition to his notable professional credentials, Mr. Cole also brings a true sense of community service to ACN, having served as president of Forest Lake Rotary, chairman and director of the Forest Lake Youth Service Bureau and board member of Fairview Lakes Regional Healthcare, as well as maintaining active leadership roles at Hosanna Lutheran Church in Forest Lake.

Organization Position Status
American Community Newspapers Inc. Group Publisher, Minnesota Sun Newspapers Current

Corporate Major Account Sales Director, American Community Newspapers II, LLC. Nancy Lewis joined the Company in December 2007 as its Corporate Major Account Sales Director. In this position, Ms. Lewis will be responsible for national advertiser accounts across the company's four geographic markets. Prior to joining ACN, she was the major/national sales manager for the El Paso Times and the Texas New Mexico Partnership. Prior to her tenure at Media News Group, Nancy worked for Gannett, Freedom Communications, Thomson Newspapers, Cox Newspapers and the Pennysaver. Ms. Lewis joins ACN with 20 years of print-advertising experience, holding a variety of positions including major account sales and director of marketing.

Organization Position Status
American Community Newspapers Inc. Corporate Maj Account Sales Director Current
Cox Newspapers, Inc. Former
Freedom Communications Inc. Former

Organization Position Status
American Community Newspapers Inc. General Partner of Seneca Ventures, Woodland Venture Fund and Woodland Partners Current

Organization Position Status
American Community Newspapers Inc. Principal Accountant Current

Organization Position Status
American Community Newspapers Inc. Certified Public Accountant Current
Alpine Capital Bank Chairman Current
American Community Newspapers Inc. Board of Directors Current
Alpine Capital Bank Board of Directors Current
Rutgers University MBA Former
Harvard College BA Former

Richard D. Hendrickson, C.P.A., joined the Company in May 1998 as Chief Financial Officer of Minnesota Sun Publications and assumed the additional positions of Corporate Controller for ACN in October 2003 and Vice President of Operations in January 2004. In his current positions, he is responsible for all business and accounting matters for the Company's Minnesota newspaper group. As Corporate Controller he is responsible for monthly financial reporting and consolidations of all ACN divisions. Mr. Hendrickson joined ACN from Aramark, where he served as Chief Financial Officer for the Minnesota book division for over four years. Mr. Hendrickson also worked for the predecessor company to Aramark book division, Meader Distributing, which specialized in book and nature music distribution. Mr. Hendrickson was instrumental in facilitating the acquisition of Meader, a privately held company, by Aramark. Prior to joining Aramark, Mr. Hendrickson served as Corporate Controller and Treasurer of Activar, Inc., a holding company with operating divisions which included distribution, manufacturing and diskette duplication. While at Activar, Mr. Hendrickson was responsible for all acquisitions, monthly financial reporting, bank relations and benefit plan administration. Prior to joining Activar, Mr. Hendrickson was employed in public accounting as a manager of a national accounting firm.

Organization Position Status
Minnesota Sun Publications Chief Financial Officer Current
American Community Newspapers Inc. Current

Organization Position Status
Sg Cowen & Co., LLC Investment Banker Former
ING Barings Investment Banker Former

Organization Position Status
Actiipartners.Com Chief Investment Officer Current
Palisades Ventures Board of Directors Current
New York Society of Security Analysts Board of Directors Current
American Community Newspapers Inc. Board of Directors Current
New Mountain Capital, LLC Board of Directors Current
New York Society of Security Analysts Member Current
Actiipartners.Com Founder Current
Merrill Lynch & Co., Inc. Trainee Former
Wharton Graduate School of the University of Pennsylvania B.S Former

Organization Position Status
American Community Newspapers Inc. Director Current
Paul, Weiss, Rifkind, Wharton & Garrison LLP Partner Former
Paul, Weiss, Rifkind, Wharton & Garrison Partner Former
Paul, Weiss, Rifkind, Wharton & Garrison Associate Former
Harvard Law School L.L.B. Former

Mr. Goldstein is a Senior Managing Director of Alpine Capital LLC and its affiliate, Alpine Equity Partners (collectively, "Alpine"). Alpine invests as principal in a variety of businesses, especially in the media, entertainment and telecommunications industries. In addition, it also provides financial advisory and merger and acquisition consulting services. Mr. Goldstein is also a Director and member of the Executive Committee of American Community Newspapers, Inc., an AMEX listed company. Prior thereto, Mr. Goldstein was a member of the law firm of Paul, Weiss, Rifkind, Wharton & Garrison, which he joined in 1976. Mr. Goldstein was a Director of The Berkshire Bank from 1991 to 1999, serving on the Board's Executive Committee and Loan Committee. Mr. Goldstein is a member of the Executive Committee (and former Chair) of the Queens College Foundation, and Vice Chairman and a member of the Executive Committee of the North Shore Long Island Jewish Health System. Mr. Goldstein received a BA from Queens College and a JD from Harvard University.

Organization Position Status
Alpine Capital Bank Senior Managing Director Current
Aep Capital LLC Current
Alpine Capital Bank Board of Directors Current
North Shore Long Island Jewish Health System Vice Chairman Current
American Community Newspapers Inc. Board of Directors Current
North Shore Long Island Jewish Health System Executive Committee Member Current
American Community Newspapers Inc. CEO Former
Alpine Capital Corp. Senior Managing Director Former
Paul, Weiss, Rifkind, Wharton & Garrison Attorney Former
American Community Newspapers Inc. Chairman Former
Berkshire Bank Director Former
Harvard Law School J.D. Former
Harvard University Jd Former
Queens College B.A. Former

Organization Position Status
American Community Newspapers Inc. Board of Directors Current
The University of Oklahoma BS Former

Mr. Simmons joined Wachovia Capital Partners in 2000. His investing efforts are focused in the Media and Communications and Business and Technology Services industries. Mr. Simmons is a Chartered Financial Analyst.

Organization Position Status
Wachovia Capital Partners Partner Current
Intralinks Inc. Board Member Current
NuVox Communications, Inc. Board Observer Current
Tmw Systems, Inc. Board Member Current
Sonitrol Corporation Board Member Current
MetroPCS Communications, Inc. Board Member Current
Heartland Publications LLC Board of Directors Current
American Community Newspapers Inc. Board of Directors Current
Three Eagles Communications, Inc Board of Directors Current
Bruckmann, Rosser, Sherrill & Co., L.L.C. Vice President Former
NuVox Communications, Inc. observer Former
Northwestern University Master of Management Degree Former
McIntire School of Commerce at the University of Virginia BS Former
University of Virginia Bachelor of Science Degree in Commerce Former
Kellogg School of Management at Northwestern University MM Former
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     ACNIQ $0.01 0.00 (0.00% )
Average Volume 25,328
Shares Outstanding 14.62M
Market Cap 146.2K
Year High 0.03
Year Low 0.005
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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