:: BCFM: About Us: Overview

What is MFM (Media Financial Management Association)?

serving financial media professionals
550 W. Frontage Road - Ste. 3600
Northfield, IL 60093
847.716.7000 phone
847.716.7004 fax

The Media Financial Management Association (MFM) formerly Broadcast Cable Financial Management Association (BCFM) is a not-for profit professional association dedicated to the unique interests and needs of business and finance executives in the media industry. Founded in 1961, MFM (formerly BCFM) membership is open to all industry business professionals. In addition, MFM welcomes associate members from allied fields including: accounting; auditing; brokerage; law; tax; and other related disciplines. The Association’s approximately 1,200 active members represent the top financial, station general management, IT, internal audit, human resources, and other broadcasting and cable management personnel from all five major television networks, more than 60% of all network affiliates, at least 4,000 radio stations, more than 30 cable programming networks, and several cable MSOs throughout the U.S. and Canada.

The Association is governed by its Board of Directors, 23 in number, including an Executive Committee of five. Six Directors are elected annually by the voting membership to serve a three-year term. The Board, in turn, elects its Executive Committee, consisting of the Chairman, President, Vice-Chairman, Secretary and Treasurer.

Standing committees and ad hoc committees function in specialized areas in which the Association has interest and involvement. Overall administration is under the supervision of the President & CEO, reporting directly to the Executive Committee and Board of Directors. MFM's staff, which consists of a Director of Operations, Administrative Manager, Membership Manager and the President & CEO, operate the office located in Northfield. Illinois.

The Role mfm Members Play in Media and Human Resource Matters

These professional people are involved on a day-to-day basis in such activities as general management, money management,

policy level finance, management information systems, credit supervision, accounting procedures, human resource administration, and the myriad details of business operations which increase in complexity as media interests continue to expand.

Additionally, as the managerial aspects of broadcast and cable television become more complex, the function of these financial executives is changing perceptibly. Today, their professional activities include not only business management per se, but also liaison with government agencies and political bodies, other broadcasters and operators, clients and advertising agencies, station sales representatives, and media-buying groups. MFM members and Executive Staff work very closely with other industry groups, such as AAAA, ANA, AWRT, CAB, TvB, RAB, SRA, NAB, INTV, NCTA, RTNDA, BEA, AICPA and FASB.

And by necessity, the majority of members are involved in such decision and judgment areas as:

On-going relationships with the Federal Communications Commission
Latest developments in MIS, Cable TV and other electronic technologies
Cash management
Insurance and pension plans
Purchasing
Tax regulations - Local, State and Federal
Legal affairs
Licensing fees
Costing and amortization practices
Realistic operating procedures for increasing efficiency and improved profits
Human resource matters