Summit Business Media emerges from bankruptcy protection, names new board

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New York—Summit Business Media, a b-to-b media company serving the insurance, financial services, legal and investment advisory markets, officially emerged from bankruptcy last week. This week, the company announced it has named Jean Clifton, Charles McCurdy, David Nussbaum and Jason Young to its board of directors. McCurdy, the former CEO of Canon Communications, will be chairman of the board. Nussbaum, chairman-CEO of F+W Media; Clifton, previously exec VP-CFO of Penton Media; and Young, former CEO of Ziff Davis Media and founder of Smart Device Media, will serve as board directors. "We will work closely with them to implement Summit's growth strategy as we move beyond our restructuring with a new capital structure that provides financial flexibility and cash flow for supporting the new stage of growth for Summit, leveraging our strong franchises in insurance, financial and professional services,” Andrew L. Goodenough, Summit's president-CEO, said of the new board members in a statement.
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