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=== DRAFT DESILVA+PHILLIPS ARTICLE ===

DeSilva + Phillips is an independent investment banking firm founded in 1996 by Roland A. DeSilva and Reed Phillips, and has a track record serving and advising the media industry. Since the firm's inception, the focus has evolved beyond media to become an investment bank for clients that operate at the intersection of content, technology and services.

The firm historically has advised clients on mergers and acquisitions, divestitures, private placements, and has extended their practice into restructuring services. The firm hosts an annual DealMaker's Summit and related conferences that regularly attract industry leaders, and often serves as a platform for major media industry announcements.

DeSilva+Phillips has attracted well known industry executives, such as Jack Griffin, former CEO of Tribune and former CEO of Time Inc.;  Colin Morrison, an international publishing executive who is former CEO of Reed Elsevier and former Chairman of Magazine Publishers of Australia; and Frank Baitman, former CIO of U.S. Department of Health and Human Services.