BNET Industries

Market Cap:$316.4M
Last Fiscal Year Sales:$151.9M
  • Public
  • US
Dow Jones Description

Dolan Media Company was formed in May 1992 by Jim Dolan and Cherry Tree Investments. Although he was by background an award-winning journalist and a lifelong "media guy" who once worked for Rupert Murdoch's News Corp., at the time Dolan was a New York-based investment banker specializing in media transactions and financings. Cherry Tree wanted to invest in and build information-based businesses, and Dolan wanted to return to building and operating a media company. Dolan and Cherry Tree had spent several years examining media investments together, rejecting half a dozen different opportunities across the country for various reasons. When daily business newspaper Finance and Commerce in Minneapolis became available, Dolan and Cherry Tree agreed this was a good foundation for the type of company they wished to build. (The paper's location in Minneapolis, near Cherry Tree, was a coincidence and played no role in the decision to buy Finance and Commerce.) Subsequently, the Company expanded by aggressively seeking and closing acquisitions, and by running the newspapers well after acquiring them. In the early years the Company made many attempts to sell public records data but was frustrated and thwarted by the selling and technical challenges. Eventually we sorted things out and began to get them right. The acquisition of Minnesota Secured Transaction Reports in January 1995 brought us the first profits in this area of operations. (MSTR later was renamed U.S. Corporate Services.) ...

Chairman and Chief Executive Officer, National Default Exchange (Ndex)
David A Trott
Number of Employees 1,812
Contact Information

706 2nd Ave N Ste 1200

Minneapolis, Minnesota 55402

dolanmedia.com

(612) 317-9420

NAICS Code Newspaper Publishers: 511110

Recent Events

  • Dolan Media buys 85 percent stake in DiscoverReady

    11/07/09 - Merger / Acquisition - View Story

  • 6. Dolan Media Company Reports Third Quarter 2009 Results.

    11/08/09 - Financial Announcement - View Story

  • Todays Zacks Rank Value Buy: Dolan Media Company

    10/23/09 - Financial Announcement - View Story

  • Dolan backs purchase of GovLoop service

    10/06/09 - Merger / Acquisition - View Story

  • Dolan Media Company Reports 2Q 2009 Results

    8/08/09 - Financial Announcement - View Story

  • Dolan Media Company Appoints Pollei COO, Duncomb CFO

    8/08/09 - Mgmt. Change Entering - COO - View Story

  • Dolan Media Company to Report Second Quarter 2009 Financial

    7/16/09 - Financial Announcement - View Story

News & Analysis

dolan media co. and lexisnexis - All News and Analysis

Decision Makers

Name (plus bio) Position
Scott Pollei Executive Vice President and Cfo
Mark Stodder Executive. Vice President, Business Information
Mark Baumbach Vice President, Technology
Vicki Duncomb Vice President, Finance and Secretary
E. Youngquist Director, Public Rel & Marketing
Elizabeth Youngquist Director, Public Relations, Marketing
John L Kominicki Director of Editorial Operations
Abbie Norris
Jim Stasiowski Coach
Lauren Rich Fine Certified Financial Analyst
Royce Yudroff
Steven Pollei
George Rossi Director

Board of Directors

Name (plus bio) Position
David A Trott Chairman and Chief Executive Officer, National Default Exchange (Ndex)
Arthur F. Kingsbury Board of Directors
Cornelis Brakel Board of Directors
David Michael Winton Board of Directors
Earl Macomber Board of Directors
Edward Carroll Board of Directors
Jacques Massicotte Board of Directors
John C. Bergstrom Board of Directors
Peni A. Garber Board of Directors
Sylvia Dolan Board of Directors
Tony J. Christianson Board of Directors

David A. Trott has served as Chairman and Chief Executive Officer, National Default Exchange (NDeX) since September 2008. Previously he served as President of NDeX. In addition, David is managing attorney of Trott & Trott P.C., a law firm located in Farmington Hills, Michigan. At NDeX, David develops and maintains relationships with various mortgage lending and mortgage loan servicing firms. In addition, he is also the president of Attorneys Title Agency, LLC, a title agency located in Southfield, Michigan. Mr. Trott also previously served as president of the Michigan Mortgage Bankers Association and the U.S. Foreclosure Network, one of the largest organizations of foreclosure attorneys in the United States.

Organization Position Status
Dolan Media Company Chairman and Chief Executive Officer, National Default Exchange (Ndex) Current
Dolan Media Company Board of Directors Current
Dolan Media Company President, Amer Processing Co. Former

"Scott Pollei is Executive Vice President and Chief Financial Officer. He also is one of the Company's earliest hires, joining it in January 1994 after assisting from the outside during the first year of its corporate life. He was senior manager at KPMG Peat Marwick and worked with Jim Dolan in the Company's earliest days when it was in formation and the corporate and financial structures were being devised. One of his last assignments with KMPG was performing due diligence on Dolan Media's acquisition of Daily Reporter Publishing Company. One of his first assignments with us was integrating into Dolan Media the newly acquired Daily Reporter Publishing Company. Scott was vice president of finance from January 1994 to December 2001, at that time becoming executive vice president and chief financial officer. He is an inactive certified public accountant. "

Organization Position Status
Dolan Media Company Executive Vice President and Cfo Current
KPMG International Senior Manager Former
Luther College accounting degree Former

"Mark Stodder is the Company's Executive Vice President, Business Information. He has held that position since February 2005, and before that he was vice president, Newspapers, from January 2004 to February 2005. He also chaired our Circulation Marketing Board, an internal group responsible for circulation growth, from May 2001 to January 2004. Previously he was vice president and publisher of our Daily Reporter Publishing Company in Milwaukee from March 1994 to January 2004. Before joining Dolan Media, Mark held news reporting, editing and executive positions with community newspapers in Los Angeles and the Denver area. He is active in a number of newspaper, media and legislative associations. Mark is a director of DLNP and the National Newspaper Association, and is president of the Public Notice Resource Center, a non-profit foundation which tracks and studies public notice legislation across the country. He is also the past president of American Court and Commercial Newspapers. "

Organization Position Status
Dolan Media Company Executive. Vice President, Business Information Current
National Newspaper Association Director Current
Detroit Legal News Publishing LLC Director Current
American Court President Former
University of California Bachelor of Arts, American Studies Former

"Mark Baumbach has been Vice President, Technology, since September 2001. From 1992 through 2001 Mark worked as a management consultant and software engineer for Born Information Services, where he was also involved in acquisition due diligence and integration, corporate development and new venture and branch development. Previously he worked as a technology management consultant with Deloitte & Touche USA LLP, as a software analyst for Honeywell and as an investment banker for Allison Williams and U.S. Bancorp. "

Organization Position Status
Dolan Media Company Vice President, Technology Current
U.S. Bancorp Vice President, Special Industries and New Ventures Former
Honeywell Corporation Software Analyst Former
Honeywell International Inc. programmer Former
Deloitte Touche Tohmatsu management consultant Former

"Vicki Duncomb is Vice President, Finance and Secretary. She also is one of the Company's most recent senior hires, joining it in July 2006 from The McGraw-Hill Companies' Healthcare Information Group, where she was director of finance and operations. "

Organization Position Status
Dolan Media Company Vice President, Finance and Secretary Current

Organization Position Status
Dolan Media Company Director, Public Rel & Marketing Current

Organization Position Status
Dolan Media Company Director, Public Relations, Marketing Current
Dolan Media Company Director, Public Relations, Marketing Former

John L. Kominicki, Publisher, Long Island Business News. Mr. Kominicki is president and publisher of Long Island Business News, a diverse newspaper, magazine and specialty publishing company that has served the region since 1953. He also serves as director of editorial operations for the firm's corporate parent, Dolan Media Co. of Minneapolis, which owns more than 75 law, business and specialty publications across the country. Before coming to Long Island, Mr. Kominicki ran business newspapers in Fort Worth, Texas and Oklahoma City, Okla. Prior to joining the business side of publishing, he was a longtime writer and editor for such publications as European Stars and Stripes, the New York Times, USA Today, and the Dallas Morning News, among others. Mr. Kominicki serves on a variety of local boards, including the Long Island Association, the Long Island Business Development Council and LISTnet. He has been named an advocate for small business by the Small Business Administration and was honored as a Distinguished Citizen by Dowling College, from which he received an honorary doctorate of humane letters. In June 2008, the Press Club of Long Island presented Mr. Kominicki with its Journalist of the Year Award and his community and charitable work have garnered him numerous other honors.

Organization Position Status
Long Island Business News President Current
Listnet Long Island Business News, Publisher Current
Visionhuntington.Org Publisher, Long Island Business News Current
Dolan Media Company Director of Editorial Operations Current
Listnet Board of Directors Current
Visionhuntington.Org Board of Directors Current

Miss Norris began her training at Midwest Youth Dance Theatre in St. Paul, Minnesota and has since studied a variety of dance styles, teaching techniques, dance and movement theory, and dance history. Her background includes jazz, tap, modern, Pilates, musical theater, with an extensive study of classical ballet and pointe technique. She has taught many ages as well as set choreography for many venues including recital, competition, theater, liturgical and workshop performances. She continues her dance education by attending regular classes at Hennepin Center for the Performing Arts. It is her passion to help others discover, develop and utilize their abilities for the glory of God and it is a great joy to help young dancers develop their gifts to honor their Creator.

Organization Position Status
Sondance Studio Dance Instructor Current
Dolan Media Company Current
Northwestern College B.S. In General Business Former

Jim Stasiowski is the writing coach for Dolan Media Co., which operates dozens of U.S. newspapers, dailies and weeklies, specializing in business, legal and government coverage. He was a reporter and columnist for The Breeze newspaper of Cape Coral, FL, from 1976 to 1982, and a reporter and columnist for The Columbian newspaper of Vancouver, WA, from 1982 to 1989. He has been a writing coach since 1989, and he joined Dolan in 2006. He graduated in 1970 with a bachelor's degree in English from the University of Nebraska.

Organization Position Status
Dolan Media Company Coach Current

Lauren Rich Fine is a certified financial analyst, currently serving as a practitioner in residence at Kent State University’s College of Communication and Information, where she teaches and is helping the school develop its curricula to serve the changing media landscape. She recently completed a term on the advisory board of the Poynter Institute, a school for journalists. Previously, Ms. Rich Fine was managing director at Merrill Lynch & Co. in the Economics & Securities Research Division covering the publishing, information, advertising and online industries. During her 19-year equity research career at Merrill Lynch, Rich Fine was a ranked member of the Institutional Investor All-American Research Team for 14 years, holding the number one position for 11 years. She has a master’s degree in business administration from New York University’s Stern School of Management and a bachelor of arts degree in psychology and economics from Tufts University.

Organization Position Status
Dolan Media Company Certified Financial Analyst Current
Dolan Media Company Board of Directors Current

Organization Position Status
Dolan Media Company Current

Organization Position Status
Dolan Media Company Current

Arthur F. Kingsbury is a member of HSW International, Inc.'s board of directors. He is currently a private investor and a member of the board of directors of Dolan Media Company and Solera Holdings, Inc., both NYSE listed. Mr. Kingsbury has over thirty-five years of business and financial experience in the media and communications sectors. His experience includes financial, senior executive and director positions at companies engaged in newspaper publishing, radio broadcasting, database publishing, internet research, cable television and cellular telephone communications. Specific positions included President and COO of VNU-USA, Inc., Vice Chairman and COO of BPI Communications, Inc., and CFO of Affiliated Publications, Inc. Mr. Kingsbury has served as a director on the boards of three other publicly traded companies, NetRatings (NASDAQ), Affiliated Publications (NYSE-listed publisher of the Boston Globe), and McCaw Cellular (NASDAQ). Mr. Kingsbury holds a BSBA in Business Administration from Babson College.

Organization Position Status
HSW International, Inc. Board of Directors Current
Solera Inc. Board of Directors Current
Dolan Media Company Board of Directors Current
VNU, Inc. President and Chief Operating Officer, USA Former
Affiliated Publications, Inc. Executive Vice President & Chief Financial Officer Former
Arthur Andersen LLP Certified Public Accountant Former
Affiliated Publications, Inc. Board of Directors Former
Netratings, Inc. Board of Directors Former
McCaw Cellular Communications, Inc. Board of Directors Former
Babson College Board of Directors Former
Babson College Bsba In Business Administration Former

Cornelis J. Brakel has served as our director since July 2003, and also served as a director of our predecessor company from June 2002 to July 2003. Since September 1999, Mr. Brakel has served as an independent business consultant for a number of European companies and financial institutions. Mr. Brakel has also recently served as a member of the supervisory boards of several Dutch public and private companies, including: Aalberts Industries N.V. (AMS: AALB), an international industrial group; USG People N.V. (AMS: USG), a specialized provider of employment services in Europe; P.C.M. Group N.V., a publisher of daily newspapers, freesheets, trade books and educational publications; Athlon Holding N.V., a supplier of automotive services focusing on the business market; and Koninklijke Numico N.V. (AMS: NUM), a specialist baby food and clinical nutrition company. From 1981 through September 1999, Mr. Brakel served as a member of the executive board of Wolters Kluwer NV, an international publishing house in Amsterdam, The Netherlands, including as its chief executive officer from 1994 through September 1999. From 1975 through 1978, Mr. Brakel served as chief financial officer of Elsevier NV in Amsterdam, The Netherlands, and from 1978 through 1981, he served as Elsevier NV's Group Director - Trade Books. From 1964 through 1975 Mr. Brakel held several financial, operational and managerial positions in Royal Dutch Shell Company in Europe, South America, the Caribbean and the Middle East.

Organization Position Status
Dolan Media Company Board of Directors Current
Talergroup Board of Directors Current
Erasmus University Degree In Economics Former

David Michael Winton has served as our director since July 2003, and also served as director of our predecessor company from May 1994 to July 2003. Mr. Winton serves as the managing general partner of Parsnip River Co., an investment partnership he has run, along with its predecessor, Addison and Co., since 1966. From 1965 through 1987, Mr. Winton served as chairman of The Pas Lumber Company Ltd., a timber and milling operation, and from 1957 through 1959, he was an associate of Kroeger Management Consultants, New York, a private investment firm. Mr. Winton has served on the board of directors of several public and private companies, including Masonite Corporation, a building products company, from 1977 through 1984, and the Northwest Bancorporation of Minneapolis, a predecessor to Norwest Bank and Wells Fargo, from 1969 through 1990.

Organization Position Status
Dolan Media Company Board of Directors Current

Organization Position Status
Dolan Media Company Board of Directors Current

Edward Carroll has served as our director since July 2003, and also served as a director of our predecessor company from January 1999 to July 2003. Since November 1997, Mr. Carroll has been a member of BG Media Investors L.L.C., the general partner of BG Media Investors L.P., a private investment fund. In addition, since January 2007, Mr. Carroll has been a member of Noson Lawen L.L.C., the general partner of Noson Lawen Partners L.P., a private investment fund. Both private investment funds are based in New York, New York.

Organization Position Status
Dolan Media Company Board of Directors Current

Organization Position Status
Kangaroo Media Inc. Distributor Current
Dolan Media Company Director Current
Student Transportation Inc. Director Current
Dolan Media Company Chair Former

Jacques Massicotte has served as our director since December 2006. Since September 2006, Mr. Massicotte has worked as an independent media consultant. From March 2004 through August 2006, Mr. Massicotte pursued personal interests. From December 2000 through February 2004, Mr. Massicotte served as managing director, investment banking, of TD Securities Inc., a Canadian investment banking firm. From 1986 to 2000, Mr. Massicotte served as a financial analyst, covering the Canadian Media and Communications sectors with Newcrest Capital (1995-2000), RBC Dominion Securities (1994-1995) and Nesbitt Thomson (1986-1994). Mr. Massicotte has a certified financial analyst designation.

Organization Position Status
Dolan Media Company Board of Directors Current
TD Securities, Inc. Managing Director Former
RBC Dominion Securities Financial Analyst Former

John Bergstrom has served as our director since July 2003, and also served as a director of our predecessor company from its inception in 1992 to July 2003. Mr. Bergstrom has served as a partner with RiverPoint Investments, a St. Paul, Minnesota-based business and financial advisory firm since June 1995. From June 1985 through May 1995, Mr. Bergstrom was employed by Cherry Tree Investments. Mr. Bergstrom is also a director of Peoples Educational Holdings, Inc. (NASDAQ: PEDH), an educational materials publisher; Instrumental, Inc., a provider of technology services to the government sector; Tecmark, Inc., a provider of business services focused on loyalty marketing programs; Linkup, Inc., a provider of employment advertising services; Credible Information Company, LLC, an online provider of information for professionals; and Creative Publishing Solutions, a specialty marketing publisher.

Organization Position Status
Dolan Media Company Board of Directors Current
Credible Information Company, LLC Director Current
Instrumental, Inc. Director Current
Tecmark Corporation Director Current
Cherry Tree Board of Directors Current
Peoples Educational Holdings Inc. Director Current
University of Minnesota M.B.A. Former
Gustavus Adolphus College B.A. In Economics Former

Organization Position Status
ABRY Partners Inc. Partner Current
Dolan Media Company Board of Directors Current
Commonwealth Business Media, Inc. Director Current
Penton Media, Inc. Board of Directors Current
PricewaterhouseCoopers NA Former
Bryant College graduate Former

Organization Position Status
Dolan Media Company Board of Directors Current

Organization Position Status
Avoca Implement Founder Current
Cherry Tree Owner Current
Capella Education Company Director of Our Company Current
Cherry Tree Chairman of the Board Current
Avoca Implement Director Current
Peoples Educational Holdings Inc. Board of Directors Current
Dolan Media Company Board of Directors Current
Quad County Implement Director Current
Fair Isaac Corporation Board of Directors Current
Transport Corporation of America, Inc. Board of Directors Current
AmeriPride Services Inc. Director Current
Metafarms Director Current
Arthur Andersen LLP NA Former
Norwest Venture Capital NA Former
Harvard Business School MBA Former
St. John's University B.A. Former
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     DM $10.52 -0.10 (-0.94% )
Average Volume 278,875
Shares Outstanding 30.08M
Market Cap 316.5M
Year High 15
Year Low 3.68
Earnings Per Share 0.85
P/E Ratio 12.38
Dividend N/A
Yield N/A
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