Recognizing the explosion in wireless voice and data communications Mr. Maccini and Mr. Gallagher founded Tower Ventures, Inc. (“TVI”) in 1997. TVI developed communication towers throughout New England before selling the tower portfolio to American Tower Corporation (NYSE:AMT) in 2000. Immediately after the sale a new tower company, Tower Ventures II, LLC, was formed to continue developing tower sites. This company was sold to National Grid PLC (NYSE:NGG) in 2004.
Mr. Maccini is also a founding stockholder and Director of Media Services Group, Inc. (Media Services), which specializes in acquisitions, valuations, financing, and consulting to the broadcasting, cable television, and tower industries. Founded in 1990, Media Services has nine offices in major cities throughout the U.S and has grown to become one of the country’s largest media brokerage firms. Maccini has sold, appraised and analyzed radio, television, cable television systems, and communication towers worth in excess of $2 billion for owners, buyers, sellers, the Internal Revenue Service and financial institutions. Many of these assignments resulted in Maccini being accepted as an expert witness by various courts throughout the U.S. Mr. Maccini on numerous occasions has been appointed by Federal and State courts to act as a receiver of radio and cable television systems where he operated the entities and eventually sold the properties.
Maccini commenced his career and was Vice President and Manager of the Communications Lending Group at Old Stone Bank (OSB), a $4 billion Federal Savings Bank in Providence, RI. Maccini joined OSB in 1983 and oversaw the bank’s communications lending division providing financing to the cable television, radio, and publishing industries. Under his direction, the bank’s communications portfolio increased from $20 million to over $115 million during a three year period. In 1986, the communications portfolio generated over $8.8 million in income. It represented 14% of the bank’s total commercial loans and its most profitable lending area. Maccini also directed investments in radio and cable television companies for Old Stone Capital Corporation, a small business investment company and subsidiary of Old Stone Corporation.
Maccini is a frequent guest speaker at conventions sponsored by the National Association of Broadcasters, RAIN Summit, and other industry forums run by consulting firms such as Paul Kagan Associates and Broadcast Investment Analysts. Maccini for several years served as a Director of Saga Communications, Inc., a publicly traded broadcasting company that owns over 90 stations in the U.S. (NYSE: SGA) and GAP Broadcasting, LLC which owns over 100 stations throughout the western U.S.
He holds a B.A. in Economics from the College of the Holy Cross, Worcester, MA and an M.B.A. in Finance from Babson College, Wellesley, MA.