The Media Financial Management Association has merged with INFE-Interactive and Newsmedia Financial Executives, under MFM's leadership, the two associations announced today.
"With the ongoing convergence of media, we believe this will provide a very powerful, collaborative, and educational base to our members," INFE president Jeff Hood and MFM Chairman Sam Bush said in a joint memo to members earlier this week. "Not only will the combination enhance the scope and quality of services that MFM can provide to our members, it will help to ensure that we continue to deliver on our common mission in support of the media industry's finance professionals for decades to come."
INFE was founded in 1947 and serves finance professionals in the news media industry. MFM, which was established in 1961, changed its name from Broadcasting and Cable Financial Management Association last year, to reflect its expanding role in providing educational services and products designed for financial and business professionals in the media industry.
As a result of the combination, INFE will consolidate its operations, formerly based in Sterling, Va., into MFM's Northfield, Ill., headquarters. INFE members will automatically become MFM members and will be able to reap the benefits of both organizations. MFM president and CEO Mary Collins will oversee the combined organizations.