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ComStar Taps Exec To Manage Program Fund

Multichannel News, Sunday, January 17, 2010 11:14 PM

The parent company of AmericanLife TV Network and FamilyNet TV shired a veteran asset manager and investment banker, Ryland Reed, as executive vice president of business development, instructed to supervise a planned $50 million fund to produce original programming.FamilyNet has about 10 million cable subscribers (and 16 million homes in range of broadcast affiliates) while ALN has 12 million. Wyatt has talked about combining the two networks at some point.

Reed has more than 15 years in private equity banking, retail banking, sales & marketing, and operational management. Before ComStar, he was VP and financial adviser for Bernstein Global Wealth Management, where he served for three years. ComStar CEO Chris Wyatt said the company would choose an investment bank to underwrite the fund soon and that it could be backing original productions "before the summer."

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