Jim Bankoff Joins Providence

Jim Bankoff has joined Providence Equity Partners as a senior advisor, focused on the online and digital media markets. He previously was executive vice president of programming and products at AOL.



Providence Equity Partners Inc., the leading private equity investment firm specializing in media, communications and information companies, announced today that James P. (Jim) Bankoff, former executive vice president of programming and products at AOL, has joined the firm as a senior advisor. He will advise Providence on new investment opportunities and on certain of the firm's existing investments in the online and digital media space.

While at AOL, Mr. Bankoff led a global team of content programmers, designers and web developers that developed websites and applications for an audience of over 100 million. He drove AOL's push into a free-to-consumer, advertising supported business model by spearheading the development of the new AOL.com, which launched in July 2005. Under Mr. Bankoff's leadership, AOL's broadcast of Live 8 made history as the first non-traditional program to win an Emmy Award. He presided over dozens of world-class consumer web sites such as Moviefone, MapQuest, BloggingStocks, AOL Music and Engadget. Mr. Bankoff also led the development of TMZ.com and oversaw AOL's industry-leading instant messaging services, AIM and ICQ, and new social networking and community applications including Blogsmith and Netscape.com.

“Jim brings invaluable knowledge of the online and digital media marketplace, strong industry relationships and an exceptional track record of leading the development of significant online products and services,” said Al Dobron, Managing Director of Providence Equity Partners. “We are pleased to welcome him to the Providence team and look forward to his contributions as we seek to expand our franchise of new media investments while working to create superior returns for our investors.”

“This is a unique opportunity for me to join the preeminent private equity firm in the media and communications industries,” said Mr. Bankoff. “I am excited to apply my understanding of digital media and online advertising to private equity, and I look forward to helping the Providence team secure new investment opportunities and build on the firm's market leadership in traditional and new media.”

Prior to being named EVP of Programming and Products at AOL, Mr. Bankoff served as president of AOL Web Properties, responsible for Netscape, CompuServe, Moviefone, MapQuest, ICQ, and AOL Instant Messenger services where he coordinated the integration of online properties across Time Warner. Before joining AOL in 1995, Mr. Bankoff held positions at Ruder Finn's Global Public Affairs group and CNN.

Mr. Bankoff serves on the boards of directors of Audible, Qloud, Sportsblogs Inc. and Network for Good. Mr. Bankoff graduated from Emory University with a Bachelor's degree in International Studies. He earned his M.B.A. from the Wharton School of the University of Pennsylvania. He and his family live in Washington, DC.

About Providence Equity Partners

Providence Equity Partners is the leading global private equity firm specializing in equity investments in media, entertainment, communications and information companies around the world. The principals of Providence manage funds with approximately $21 billion in equity commitments and have invested in more than 100 companies operating in over 20 countries since the firm's inception in 1989. Significant investments include Bresnan Broadband Holdings, Casema, Com Hem, Digiturk, Education Management Corporation, eircom, Freedom Communications, Hulu, Idea Cellular, Kabel Deutschland, Metro-Goldwyn-Mayer, NexTag, Ono, Open Solutions, PanAmSat, ProSiebenSat.1, Recoletos, TDC, Univision, VoiceStream Wireless, Warner Music Group, Western Wireless and Yankees Entertainment Sports Network. Providence is headquartered in Providence, RI (USA) and has offices in New York, London, Hong Kong and New Delhi. Visit www.provequity.com for more information.