Our Firm Latest News

Guggenheim Launches Guggenheim Digital Media; Appoints Ross Levinsohn Chief Executive Officer

New Company to Expand the Firm’s Media and Entertainment Presence

Guggenheim Partners (“Guggenheim”), a global diversified financial services firm, today announced that it has formed Guggenheim Digital Media (“GDM”) and named Ross Levinsohn Chief Executive Officer. As a part of its investment in GDM, Guggenheim anticipates allocating significant capital to acquire and invest in new media companies and properties that will meaningfully expand its current portfolio.

Guggenheim Digital Media will also oversee and operate the existing Prometheus Global Media assets that Guggenheim controls, including the iconic brands of Billboard, Adweek, and The Hollywood Reporter. GDM will continue to invest in both the print and digital versions of these properties, developing cutting-edge and industry-leading products. It will continue to manage The Film Expo Group and CLIO Awards, and partner with additional Guggenheim assets to further develop their digital media strategies, including Dick Clark Productions.

“GDM will play an integral role in developing our iconic portfolio of existing media and entertainment assets, as well as identifying new, groundbreaking investments and partnerships in the music, media, technology, and digital entertainment spaces,” said Todd Boehly, President of Guggenheim Partners. “Ross’s deep industry expertise and impressive track record of executing digital media strategies make him the ideal person to spearhead this new effort.”

“I am excited to be part of the dynamic Guggenheim family of companies,” commented Ross Levinsohn. “GDM has a powerful and competitive portfolio of iconic media assets today, and I look forward to identifying new opportunities for growth as the media and technology industries continue to rapidly evolve.”

Prior to joining Guggenheim, Mr. Levinsohn served as interim Chief Executive Officer for Yahoo!. Previously, he served as EVP and Head of Global Media for Yahoo!, where he was responsible for all aspects of Yahoo!'s digital media business, including the vision, strategy, product, partnerships, engineering, and content creation for its marquee properties and content experiences globally. He joined Yahoo! in 2010 as EVP, Americas, overseeing its largest regional business.

In addition, Guggenheim announced that it has acquired the remaining stake in Prometheus Global Media from Pluribus Capital, which was founded by Jimmy Finkelstein, who previously served as Chairman of Prometheus Global Media.

“We have enjoyed a successful and profitable investment with Prometheus, and Guggenheim now has a dynamic runway for continued success, especially in light of their recent acquisitions in the media industry,” said Mr. Finkelstein.

Mr. Boehly continued, “The partnership between Guggenheim and Pluribus has produced dynamic and growing brands. We credit Jimmy for his leadership and wish him the best of luck in his future ventures.”

Notes to Editors:

(1) Ross Levinsohn spent more than six years at News Corporation, serving as the President of News Corporation’s Fox Interactive Media, where he was responsible for the day-to-day operations, strategy, and acquisitions that helped transform the Company into a leader in digital media. He also ran Fox Sports Interactive Media and served as Senior Vice President, News Digital Media before being named President. He also held senior management positions with AltaVista, an early pioneer and leader in search, CBS Sportsline, where he oversaw all content and development for the top-rated sports site, and HBO, where he launched and oversaw a unit developing new programming and revenue streams. Mr. Levinsohn was also the Co-Founder and Managing Director of Fuse Capital, an investment and strategic equity management firm focused on investing in and building digital media and communications companies. Mr. Levinsohn sits on the board of the Tribune Company, Zefr, Inc., and social travel site Minitime, as well as the Bogart Pediatric Cancer Research Program, and previously served on the boards of Freedom Communication and Napster. He holds a Bachelor’s degree from American University.

(2) Since being acquired by Prometheus Global Media, iconic publications such as Billboard and The Hollywood Reporter have undergone major digital expansions. The award-winning The Hollywood Reporter has become dominant in Hollywood, and both it and Adweek have undergone major re-designs. In addition, Billboard introduced the Billboard Awards and continues to expand its footprint around the world. The CLIO Awards has reinforced its role as the most prestigious advertising award, expanding with the debut of CLIO Healthcare and the addition of key new awards categories, and the Film Expo Group, which produces the leading events in the film industry, continues to expand.

About Guggenheim Partners

Guggenheim Partners is a privately held global financial services firm with more than $160 billion in assets under management. The firm provides asset management, investment banking and capital markets services, insurance, institutional finance, and investment advisory solutions to institutions, governments and agencies, corporations, investment advisors, family offices, and individuals. Guggenheim Partners is headquartered in New York and Chicago and serves clients around the world from more than 25 offices in eight countries. For more information about Guggenheim Partners, visit guggenheimpartners.com.

Media Contact

Charles Sipkins
Sard Verbinnen & Co
310.201.2040

Media Contacts

Sitrick and Company
Thomas S. Mulligan
310.367.6567
Terry Fahn
310.788.2850

March 04, 2015

Guggenheim Securities Hires Veteran Analyst Matthew DiFrisco, Expanding Coverage of Consumer Sector

New York - Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, today announced the hiring of veteran equity analyst Matthew DiFrisco as a Director and senior equity analyst, covering the restaurant industry.

Read More

March 03, 2015

Guggenheim Securities Expands Healthcare Banking Practice with Senior Hires

Jeff Hoffman, Joseph Kohls, Sector Leaders at J.P. Morgan, Bank of America Merrill Lynch, Join to Collaborate

Read More

February 24, 2015

Guggenheim Securities Hires Analyst Jake Fuller in Expansion of Tech/Media/Telecom Coverage

New York - Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, today announced the hiring of veteran equity analyst Jake Fuller in a strategic expansion of the firm’s research effort in Technology, Media, and Telecommunications (TMT).

Read More