LOS ANGELES & STAMFORD, Conn.--(BUSINESS WIRE)--IDW Media Holdings, Inc. (IDWM), an integrated media company with divisions IDW Entertainment (IDWE), IDW Publishing (IDWP), and CTM Media Group (CTM), announced today that its CEO during the last seven months, Kerry McCluggage, has stepped down. Current Board Chairman and controlling stockholder, Howard Jonas, will assume the position of CEO.
Jonas is best known as an entrepreneurial business leader, having founded IDT Corporation in 1990. Having nurtured IDWM since inception, Jonas incubated assets that form key parts of the worldwide television and streaming media service, STARZ, which Lionsgate acquired in 2016. As Chairman of IDWM, Jonas spearheaded the launch of IDWE.
"We are grateful to Kerry for leading and growing our team during a challenging period,” said Jonas. “We wish him well in his new endeavors, and thank him for the dedication and hard work that he put into the company."
McCluggage commented, “As both a board member and CEO I have enjoyed helping the company with its current slate of new programming and working with the extremely talented group assembled to execute on these new series. I wish the entire IDWM team the best of luck going forward.”
ABOUT IDW MEDIA HOLDINGS
IDW Media Holdings, Inc. (OTCQX: IDWM) is an integrated media company, which includes the award-winning IDW Publishing, IDW Games, IDW Entertainment, Top Shelf Productions, the San Diego Comic Art Gallery, and CTM Media Group Inc., one of North America's largest distributors of tourism information. Founded in 1999, IDW Media stands proudly at the forefront of visual entertainment, showcasing a formidable library of world-renowned licensed brands and creator-owned original IP. Its diverse array of comic books, graphic novels, and live-action television shows deliver enjoyment to fans of all ages.
ABOUT IDW PUBLISHING
IDW Publishing stands proudly at the forefront of printed visual entertainment, cultivating a formidable library of world-renowned licensed brands and creator-owned original IP. Its diverse array of comic books, graphic novels, and art books deliver reading enjoyment to fans of all ages. Its award-winning imprints The Library of American Comics, Yoe! Books, and Artist Editions preserve the valuable cultural history of the sequential art medium, while titles under the critically acclaimed Top Shelf and Black Crown banners celebrate fiercely independent voices. IDW Publishing is a division of IDW Media Holdings, Inc. (OTCQX: IDWM), a fully integrated media company with robust offerings in publishing, tabletop gaming, multimedia entertainment, and art exhibition via the San Diego Comic Art Gallery.
ABOUT IDW ENTERTAINMENT
IDW Entertainment “IDWE,” a franchise studio division of IDW Media Holdings, Inc. (OTCQX: IDWM), is charged with developing, financing, producing and distributing entertainment content ranging from series and features to interactive experiences and digital content from sister company IDW Publishing’s extensive IP catalog of comic books and graphic novels, as well as from third party content.
