Team / James (Jim) McDonald

James (Jim) McDonald

Senior Associate – Northeast

Pennsylvania

James (Jim) McDonald

Senior Associate – Northeast

Pennsylvania

Mr. McDonald is founder President and Velocity Digital Media, LLC, a media advisory firm which specializes in start-ups and turnarounds. He has previously consulted with EW Scripps, Cox Newspapers, Nation’s Media, Octopus Inc, and other smaller privately owned newspapers and digital media companies.

Mr. McDonald has launched and turned around a number of media properties. These include:

Publisher of Metro-Philadelphia 2000-2004 and again from 2009-2012. During his first stint at Metro McDonald took the company from a annualized loss of $14M to breakeven in less than 2 years. In 2009 when the company, again distressed, was sold back to the former CEO of Metro International, McDonald was brought back by his former CEO and increased sales by 45% in two years, and again returned the company to profitability.

Other notable projects include serving as President and CEO of Newsco in Washington DC. Newsco, a distressed newspaper company with several titles from DC to Richmond was reorganized into three divisions, financial results and products were enhanced and the company was sold for a strong multiple to three separate buyers. Within this context McDonald executed the strategy of selling the flagship dailies Journal Newspapers, to Anschutz Investments Clarity Media where he oversaw the strategy and launch of THE WASHINGTON EXAMINER.

McDonald’s other launches include: The Weekender in Wilkes-Barre PA, sold to what was then Capital Cities/ABC Inc. (The Weekender remains the most widely read paper in NEPA), BreakingNews.com sold to MSNBC and Hospital News of Northeastern PA, sold to a private investor early in his career.

McDonald resides in Gwynedd Valley, PA with his wife and three children and is active in his community serving on the Lower Gwynedd Little League Board of Directors and coaching baseball and softball. In addition, he does volunteer work with Ambler Community Cupboard helping disadvantaged families in the area. He attended King’s College in Wilkes-Barre, PA where he qualified in participated in the NCAA Golf Championships.

Team / John McGovern

John McGovern

CEO & Owner

New York, NY

10 West 15th St., Suite 903
New York, NY 10011

John McGovern

CEO & Owner

New York, NY

John joined W.B. Grimes in 2011 to run the Global Media, Events & Information Services Group, which has had excellent growth under his tenure, branching out into new regions and more diverse businesses. Under John, the Global Media Events & Information Services client list grew to include many more sellside and buyside retainer clients than the group had ever had in its history. John brings 30 plus years of strategy, business development experience in the global media, events and online services industries, holding positions such as Senior VP of Thomson Financial, (where he grew revenues from $30m to $90m in six years) Senior VP at the Fair Disclosure Financial Network (which grew from zero to $2m in 18 months under his tenure) and various positions early in his career at Dow Jones/Factiva. John has run global strategy, business development and sales/marketing functions in both large and small organizations, including managing international staff. As the new owner of Grimes, McGovern & Associates, John looks forward to continuing the tradition the Grimes family started of helping small to medium sized business owners grow their businesses, and exit at the right time at the best price. John is an avid tennis player, foodie and movie buff (especially spy movies).