Michael Carr was elected to BullyVille's board of directors earlier today. Prior to joining BullyVille, Mr. Carr was President & COO of Greenspun Media Group, where he oversaw all operations of the $100+ million publishing organization. The company publishes more than 20 national magazines and newspapers. Under Michael's leadership, the company's revenues grew from $20 million to over $100 million in under 5 years. As revenues grew over this five year period, EBITDA also increased by more than 300%. Mr. Carr also led the profitable launch of VEGAS magazine.
Prior to Greenspun media, Michael was President of Playboy Publishing. At Playboy, Carr increased net per page advertising revenue over 10% per year for two consecutive years during a time of industry decline. He also took Playboy subscriptions to its highest level in more than a decade. He led all worldwide publishing efforts and Playboy realized a 15% increase in ad revenues. Playboy's stock price rose more than 300% during his tenure.
Prior to joining Playboy, Carr served as President and CEO of Wieder Publications, where he led the company to a 600% increase over nine years, expanding such publications as: Shape, Muscle & Fitness, Men's Fitness and Flex. The company was ultimately sold to American Media for $450 million in 2000. He was named as one of the 40 most influential Media executives by Folio in 2008.
"We are thrilled to have such a seasoned veteran join our board of directors," said BullyVille's founder and CEO James McGibney. "He is a highly-respected and seasoned media executive with a wealth of Internet expertise and a strong track record running and advising successful high growth companies. His insights and counsel will be invaluable as we continue our next phase of growth."
"This is a company with world class talent, and we all see an opportunity to provide a platform where fidelity counts! We are going to further amplify the effects of the social networking industry," stated Mr. Carr.