NWZ beefs up executive team
Published 12-JUL-2016 10:53 A.M.
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
NewZulu (ASX:NWZ) has continued its structural renewal – further cementing its focus on the North American market.
It has appointed David Klinghoffer as its senior VP of global sales, to be based out of New York.
He has 20 years of experience in sales, having previously been the chief revenue officer at data analytics SaaS play Meelo Logic, and was also a key player at Buddy Media, which was sold off to Salesforce.com for $700 million in 2012.
He also has key sales experience at the likes of ESPN-ABC Sports, Viacom, and NBC Universal backing up his media sales credentials.
“David is a proven leader who will scale the sales team and aggressively build out our sales pipeline, initially focusing on North America,” new NWZ CEO Marc Milgrom said in a statement.
It has also emerged that the crowdsourcing company has appointed Tom Lieu as its chief financial officer – with Lieu previously focusing on the technology industry.
Most recently he served as the chief financial officer of software company Route 1 and was also the financial controller of engineering.com for roughly six years.
Milgrom said Lieu brought a focus on cost control to the company, something which is a key aim of the revamped NWZ.
It has told its shareholders that it has conducted a restructure of company operations in France, the UK, and Australia in an effort to slash costs.
It said the effects of the restructure would be felt from the first quarter of 2017 onwards.
Investors should note that success of the stock is not guaranteed – always seek the advice of a professional financial advisor and do your own research before deciding whether or not to invest.
It has recently focused on a restructure of operations after board renewal and a strategic investment in NWZ by media giant Seven West Media (ASX:SWM)
As part of the increasing focus on NWZ from SWM, SWM’s chief digital officer Clive Dickens joined the NWZ board at the end of June.
Newzulu itself is a news platform where publishers can connect with citizen journalists who are on the scene of unfolding news taking footage with their mobile phones.
In the past, citizen journalists had to connect with individual newsroom, and then wait for a response.
For publishers, they had to verify the content was real.
NWZ however takes a lot of the gruntwork out of the process and makes things easier for both publisher and citizen journalist.
Citizen journalists simply log onto the Newzulu platform, upload the footage and then wait for the cash to roll in.
Newzulu verifies the content to make sure it’s legitimate, and then pays the citizen journalist a fee for the content.
Then a Newzulu partner such as Agence France Presse or Getty Images then onsells the footage to news organisations which have paid for access to the Newzulu library.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.