Deborah D. McAdams /
02.27.2014 09:55 AM
Sinclair Promotes David Amy
Names Christopher Ripley chief financial officer
BALTIMORE—Sinclair Broadcast Group
announced the promotion of David B. Amy to executive vice president and chief
operating officer of Sinclair from executive vice president and chief financial
officer, and names Christopher Ripley as chief financial officer, effective
April 2, 2014. The announcement was made by David Smith, president and CEO of
“In response to the growth of the company and looking ahead to all
that we intend to accomplish, the board of directors recognized the need
to split David Amy’s responsibilities into the two distinct positions he was
serving,” Smith said.
“We are excited to create this new position which will report directly
to me and the Board. David has been an instrumental decision maker for
us for many years, most recently leading us through the consolidation,
and planning our path for future growth. Given his knowledge of our company and the industry, we have the utmost confidence in his abilities
to oversee our operations, a job he has been indirectly performing for
In his new capacity, Amy will have direct oversight for the
operations, and continued oversight of human resources and the financial
“We are pleased to announce the addition of Chris Ripley
as chief financial officer to our team,” Smith said. “As a
former managing director at UBS Investment Bank’s Global Media Group,
Chris brings additional experience in formulating financial and
strategic alternatives and transactions, as well as industry knowledge
having covered many media companies outside of broadcasting. We believe
this knowledge and skill set will be of the utmost value to us as we
look to evolve our content and distribution platforms and ready for
spectrum opportunities. Chris will report directly to me, David Amy and the board.”
Ripley will assume the direct oversight of the accounting,
treasury, tax, finance and purchasing functions.
Amy most recently served as executive vice president and chief financial officer of Sinclair
since 2001. Prior to that, he served as executive vice president from
1999 to 2001 and as vice president and CFO from 1998 to 1999. Prior to
that, he served as CFO from 1994 to 1998. In addition, he serves as
sSecretary of Sinclair Television Group, Inc., a wholly owned subsidiary
that owns and operates our broadcasting operations. Amy has 30 years
of broadcast experience, having joined Sinclair in 1984 as a business manager for
WPMY (formerly WPTT-TV) in Pittsburgh. Amy received his
Masters in Business Administration degree from the University of Pittsburgh
in 1981. He serves as a member of the Board of Directors of KDSM,
LLC, and The Maryland Science Center. He is also a member of the board
of managers of Triangle Sign & Service, LLC and chairman of the board of Managers of Alarm Funding Associates, LLC.
Ripley most recently and from 2013 served as founder and managing partner of Canor LLC, a boutique media/entertainment advisory firm.
From 2001 to 2013, he was a managing director at UBS Investment Bank’s
Global Media Group and served as head of the Los Angeles
office where he managed, advised and/or structured various financings
and merger and acquisition transactions, managed bankers and support
staff, and oversaw regulatory and compliance matters for the office.
From 2000 to 2001, he was a principal in Prime Ventures LLC, a venture
capital firm where he was involved in capital investment decisions,
business development, M&A, and organizational structuring. Prior to
that and from 1998, Ripley worked in the investment banking
division of Donaldson, Lufkin & Jenrette Securities Corp. Mr.
Ripley graduated from the University of Western Ontario, Richard Ivey School of
Business, with a Bachelor of Arts in Honors Business Administration. He holds
Series 7 and Series 24 licenses.