The two trade groups, the Media Financial Management Association INFE, Interactive and Newsmedia Financial Executives have merged under MFM’s leadership.
MFM, the Media Financial Management Association, and INFE, Interactive and Newsmedia Financial Executives, and have agreed to combine the organizations into one, under MFM’s leadership, the two associations announced today.
“With the ongoing convergence of media, we believe this will provide a very powerful, collaborative and educational base to our members,” said INFE President Jeff Hood and MFM Chairman Sam Bush, in a memo sent earlier this week to members of the two professional organizations.
“Not only will the combination enhance the scope and quality of services that MFM can provide to our members, it will help to ensure that we continue to deliver on our common mission in support of the media industry’s finance professionals for decades to come,” they added.
INFE was founded in 1947 and serves finance professionals in the news media industry. MFM, which was established in 1961, changed its name from Broadcasting and Cable Financial Management Association last year to reflect its expanding role in providing educational services and signature products designed to meet the diverse needs of financial and business professionals in the media industry.
The combination, which became effective today, will “allow INFE and MFM’s members to continue receiving the services that they have previously enjoyed,” the groups said, in addition to opening up the opportunity to receive the benefits that are available to the other organization’s members.
INFE members will now be able to access the benefits of MFM’s BCCA subsidiary, which provides credit and collections reports and related services customized for media companies. In addition, MFM members will soon be receiving a version of INFE’s weekly e-letter and, beginning in September, INFE members will be mailed copies of The Financial Manager, MFM’s bi-monthly member magazine.
INFE members will receive a welcome packet from MFM in the coming weeks that will provide more details about MFM and the benefits and services it provides its members.