MFM CFO Summit 2019 Co-Chairs Selected


Midwest Communications’ CFO and the CFO of Evening Post Industries have been selected as co-chairs of the Media Financial Management Association’s 2019 CFO Summit.

Additionally, the CFO of Hearst Television is serving as CFO Summit Advisor for the event, scheduled for March 7-8 in Fort Lauderdale.

MFM’s annual CFO Summit is the only forum established specifically to meet the needs of the media industry’s top financial leaders. The 2019 event will feature the latest intelligence and facilitated discussions covering industry-wide interests including sports gambling revenue opportunities, security and cybersecurity, the workforce of the future, and new frontiers for big data. Updates covering both economic issues that can affect consumer and advertiser spending and the industry financial markets will also be included.

“MFM’s annual CFO Summit is the only place where CFOs and media executives who deal directly with financial management processes can have frank discussions about the strategic issues facing their organizations,” said Mary M. Collins, President and CEO of MFM and its BCCA subsidiary, which serves as the media industry’s credit association. “With the guidance and leadership of MFM members Paul Rahmlow, Joe Waring, and John Drain, the 2019 event is sure to provide attendees from any and all aspects of traditional and digital media with valuable insights to inform their outlook and planning.”

Rahmlow servers as CFO and Secretary/Treasurer of Midwest Communications, which owns 75 radio stations. He joined the company in 1999 and has been integrally involved in its expansion into additional radio markets over the past 19 years.

Waring is CFO of Evening Post Industries (EPI), which owns a wide range of newspaper, television, healthcare, real estate and forestry investments, including The Post and Courier newspaper in Charleston, SC. The company recently entered into an agreement to sell 15 of its TV stations to The E.W. Scripps Company.

Waring joined Evening Post Industries in 2013, was promoted to Corporate Director of Human Resources in 2016 and was named Chief Financial Officer in January 2018.

Drain is CFO of Hearst Television, which owns and operates 33 TV stations in 26 TV markets. Prior to his CFO appointment in 2016, Drain spent six years as the division’s SVP/Finance.

A former member of MFM’s Board of Directors, Drain previously served as the senior vice president of finance and administration for Comcast Spotlight, where he led all finance, human resources and legal operations and served as a key contributor to Spotlight’s expansion of market interconnects, strategic acquisitions, and joint venture investments. x

CFO Summit attendees will be eligible to earn up to 10 Continuing Professional Education (CPE) Credits over the two-day summit. MFM is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

Additional information about the CFO Summit and an online registration form may be found on MFM’s website, at