The president of ABC News announced the promotion to the news organization in a letter to staff
Derek Medina has been announced as the new executive vice president of ABC News.
The news was shared with staff in a letter uploaded to the ABC News public relations Tumblr account. The new role is a promotion from Medina’s previous role as senior vice president for business affairs, rights & clearances, archives, and video sales. ABC president James Goldston revealed that with his new title, the fresh EVP will work directly on operational efforts and more.
“I am delighted to announce Derek Medina will be our new Executive Vice President for ABC News,” Goldston wrote. “He will be a key partner for me in running our business who will manage our operational efforts and growth strategies and work with me and all our leaders on advancing the culture.”
According to the letter, Medina is a 22-year veteran of ABC and his reputation both internally and externally includes the ability to deliver high-quality results while maintaining the standards of personal integrity, trust, and collaboration. In his previous role, Medina led a team of more than 20 people. His career with ABC News began in 1998 as a director for business affairs.
“Derek cares deeply about ABC News and the people who work here. He’s mentored dozens of people across the organization, and he’s been a trusted advisor to me and many of our senior leaders, who count on Derek for his considerable business acumen and personal counsel,” Goldston wrote.
According to the statement, Medina will head multiple teams including operations, business affairs, marketing, news practices, news administration, audio, insights, and NewsOne teams. He will also work closely with Goldston with the Walt Disney Television finance & business planning team.
Before he joined ABC, Medina served as an investment banking associate at JP Morgan for two years. He went on to also work two years as a corporate associate at the law firm Cleary Gottlieb Steen and Hamilton. He holds a J.D. and MBA degrees from Columbia University and Brown University. Medina was admitted to the New York Bar Association in 1996.
“We cast a wide net to fill this important role, and there was an exceptional pool of internal and external candidates. The combination of Derek’s business talents, his leadership and experience, and his passionate commitment to help ABC News live up to its ideals was unmatched,” the letter concluded.
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