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ENGLEWOOD, Colo., Aug. 2 /PRNewswire/ -- Local Insight Media, L.P.,today announced the appointment of Scott A. Berman as its chief financialofficer, effective August 27, 2007. Berman, who has more than 25 years ofexperience in finance and management, will lead the finance organizationand play an integral role in business strategy, corporate development andperformance management for Local Insight Media and its operatingsubsidiaries. (Photo: http://www.newscom.com/cgi-bin/prnh/20070802/LATH056) "Scott Berman is a highly talented and experienced leader, with aunique combination of financial and business experience," said ScottPomeroy, president and CEO of Local Insight Media. "He will play a key rolein executing our business plan, which continues to focus on aggregating aportfolio of distinctive local properties and optimizing operations acrossthe platform. Scott brings a strong background of financial leadership indynamic business environments, including a successful track record ofraising and managing capital." Most recently, Berman served as chief financial officer for McDATAprior to its recent integration with Brocade Communications. In addition tostrengthening McDATA's core financial capabilities during his tenure, hewas instrumental in developing and executing a successful M&A strategy. Berman began his career in applied research at Bell Laboratories andlater transitioned into accounting and finance. Prior to joining McDATA asvice president of finance/treasurer in 2002, he spent nearly 20 years atQwest Communications, its predecessor U S WEST Communications and AT&T BellLaboratories. From 2000 to 2002, Berman served as Qwest's senior vicepresident/treasurer, with responsibility for treasury, capital markets,asset strategy and cash management. Berman also held other key positions infinance, product and technical development. Berman holds a BS and MS in Computer Engineering from the University ofMichigan and an MBA from Harvard University. Berman will succeed Wayne Graham, who has served as interim CFO forLocal Insight Media and will work with Berman through a transition period."Wayne has done an outstanding job of building the finance team,establishing the financial processes and discipline for a new enterpriseand successfully completing key transactions," said Pomeroy. "We wish himall the best as he returns to his home in Portland." About Local Insight Media Local Insight Media, L.P., through its subsidiaries, is a leadingprovider of print directories and Internet-based local search services inthe Greater Cincinnati area, Alaska and the Caribbean. Local Insight Mediaindirectly owns CBD Media LLC, the leading publisher of print and onlinedirectories in the Cincinnati-Hamilton metropolitan area; ACS Media LLC,the largest publisher of print and Internet advertising directories inAlaska; and Caribe Servicios de Informacion Dominicana, S.A., the leadingpublisher of yellow and white pages directories in the Dominican Republic.In addition, Local Insight Media indirectly owns 60% of Axesa Servicios deInformacion, S. en C., the largest directory publisher in Puerto Rico.Local Insight Media, headquartered in Englewood, Colo., provides strategicand management oversight for its operating subsidiaries. For moreinformation, please see http://www.localinsightmedia.com. Local Insight Media is a portfolio company of Welsh, Carson, Anderson &Stowe (WCAS), which is one of the largest and most successful privateequity investment firms in the United States. Since its founding in 1979,WCAS has organized 14 limited partnerships with total capital of over $16billion. In addition, Spectrum Equity Investors, the former owner of CBDMedia, holds a significant minority stake in Local Insight Media. Spectrumis a private equity firm with over $4 billion of capital under managementand specializes in information and business services investments.
