WASHINGTON--(BUSINESS WIRE)--Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Peter Liguori, an entertainment industry veteran who was most recently Chief Operating Officer of Discovery Communications, has joined the firm in a consulting role as an Operating Executive for the Telecommunications and Media team, based in New York.
As an Operating Executive, Mr. Liguori will provide strategic guidance to Carlyle professionals throughout the investment process, from sourcing to acquisition to exit, and advise portfolio company executives on management, operational and growth strategies. He joins a group of senior business leaders – each with an average of 40 years of experience -- who serve as Carlyle Operating Executives across a range of industries.
James Attwood, Carlyle Managing Director and Head of the Telecommunications and Media team, said, “Peter is a seasoned executive who has run several important media businesses and understands how to create value. We are pleased to welcome Peter to Carlyle.”
Mr. Liguori said, “I am excited to work with Jim and his team given their record of value creation and deep knowledge of media and entertainment. I believe this is a good time to invest in the media sector.”
Carlyle’s Telecommunications and Media team has been active throughout the past year. Over the past 12 months, the group has been involved in the sale of AMC Theatres to Dalian Wanda Group (under contract), the sale of Insight Communications to Time Warner Cable, and the add-on acquisition of MACH by Carlyle portfolio company Syniverse which was announced on July 3, 2012. The Telecommunications and Media team also oversees Carlyle’s existing investment in Nielsen Holdings NV. Since 2001, Carlyle has invested more than $8 billion of new equity in telecom and media investments globally.
Peter Liguori was most recently Chief Operating Officer of Discovery Communications, serving as that cable network’s No. 2 executive from 2009 to the end of 2011. Prior to joining Discovery, Mr. Liguori spent 13 years with Fox Entertainment, serving as President and then Chairman of Entertainment for Fox Broadcasting Company from 2005 to 2009, responsible for all Fox program development and marketing. Mr. Liguori was previously President and CEO of News Corp.'s FX Networks, overseeing business and programming operations for FX and Fox Movie Channel. Prior to joining Fox, Liguori was Vice President, Consumer Marketing, at HBO. He earned his bachelor’s degree cum laude in history from Yale University.
Mr. Liguori serves on the boards of Yahoo! Inc., Metro-Goldwyn-Mayer Inc. and Topps Co. Inc.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with approximately $159 billion of assets under management in 94 active funds and 63 fund of fund vehicles as of March 31, 2012. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has developed expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs approximately 1,300 people in 32 offices across six continents.