For those of you wondering what former Telemundo president Jim McNamara is up to, I got tipped off by Laura Martinez of Multichannel News, that InterMedia Advisors will soon announce his appointment as non-executive Chairman of Cine Latino. That’s a Spanish-language movie channel IMA owns in a 50-50 venture with Mexico City’s Grupo MVS. Interesting to note, Alan Sokol, former COO of Telemundo is senior investment partner of InterMedia.
McNamara left Telemundo’s top job in 2005 to start his own movie production venture, Panamax, with the goal of producing and distributing films for the U.S. Latino market. He will continue to run Panamax from its headquarters in Miami.
InterMedia is trying to revamp Cine Latino, a commercial-free movie channel it acquired in 2007, which is currently available in 3.5 million homes in the U.S. and in 2.5 million homes throughout Latin America.