 Philip Thakadiyil servers as Senior Manager, Planning of Tribune Company. He manages budgetary responsibilities, creating and maintaining a annual revenue budget of $3.5B of Tribune Publishing Group, including yearly, quarterly, and monthly forecasting, along with three and five year strategic plans, with responsibilities for all sales, overhead costs, capital, and tax planning. Provides specific focus and continual improvement of plan and financial analysis for senior management Leading $143M (7Y) outsourcing/off shoring initiative for customer accounting shared services center function company-wide, involving 250 FTEs, with primary responsibilities including vendor negotiation, site assessment, transition planning, implementation and project management yielding cost savings of $43M over contract term.
Led $56M (5Y) off shoring initiative for remittance processing/cash applications including technological component and additional float savings totaling $4-6M annually
Provides strategic financial input and leadership on decisions affecting the organization; i.e., evaluation of potential alliances, acquisitions or other expansion activities. Responsible for directing the analysis of capital projects and financial analysis related to other special projects. Financial analysis includes cost analysis, profitability analysis, pricing analysis, pro forma income statements and other ad hoc calculations and analysis of interest to senior management.
Additional responsibilities include Sarbanes-Oxley control adherence, external and internal audits coordination, M&A and integration projects. Responsible for preparing all externally distributed financial reports, evaluating reporting and accounting policies and procedures to ensure compliance with Sarbanes-Oxley and other regulatory initiatives.
Tribune Company is one of the country’s top media companies, operating businesses in publishing, interactive and broadcasting. It reaches more than 80 percent of U.S. households and is the only media organization with newspapers, television stations and websites in the nation’s top three markets. In publishing it is the third largest in circulation and second largest in the US for revenue and cash flow. Tribune’s leading daily newspapers include the Los Angeles Times, Chicago Tribune, Newsday, Baltimore Sun, South Florida Sun-Sentinel, Orlando Sentinel, Morning Call, Hoy and Hartford Courant. The company’s broadcasting group operates 23 television stations, Superstation WGN on national cable, Chicago’s WGN-AM reaching 40% of US households, Tribune Studios and the Chicago Cubs baseball team. Popular news and information websites complement Tribune’s print and broadcast properties and extend the company’s nationwide audience. Additionally Tribune Company has whole or substantial equity positions in the following ventures: Classified Ventures, Careerbuilder, Apartments.com, Cars.com, New Home Network, For Sale by Owner, Topix and Legacy.com.
Speech: Tribune outsourcing perspective
Agenda:
Introduction to Tribune Company
► Company overview
Broadcasting
Publishing/interactive
► Outsourcing Scope
Service Provider Selection
► Objectives/Options
► Internal Evaluation
► Criteria
► Capabilities
· Contract Negotiations
► Due Diligence
► Process
► Exhibits
· Considerations
► Risks
► Provisions
· Conclusion/Questions |
