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American Media Taps Former Paxson Exec for CFO Position

American Media has appointed Thomas Eugene Severson, Jr. as senior vice president and CFO of the company.

Severson comes to American Media from Paxson Communications , where he served as senior vice president and CFO. During this four-year stint at the West Palm Beach, Fla.-based broadcaster, he revamped its financial and accounting functions, refinancing debt and some preferred stocks.

Severson is also a former vice president and chief accounting officer for Sinclair Broadcast. The broadcaster expanded from 12 to 65 stations during his time.