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Michael R. Loeb

President and CEO of Loeb Enterprises

Mr. Loeb is currently the President and CEO of Loeb Enterprises. He was the President of the Synapse Group, Inc., a wholly-owned subsidiary of Time Warner, and its Chief Executive Officer from 1997 to December 2005. Mr. Loeb co-founded the company in 1992 with priceline.com founder, Jay Walker. Synapse grew to become the largest seller of consumer magazine subscriptions in the United States, leveraging its revolutionary and patented “continuous service” model to fundamentally change the industry. In 2004 and again in 2005, the company was named one of the 25 “Best Places to Work in America” among medium-sized companies. In 2001, Time Warner purchased a controlling stake in Synapse for a sum in excess of $500 million, completing that transaction in 2006. Prior to co-founding Synapse, Mr. Loeb had an eight-year career at Time Warner, where he held a number of positions including Consumer Marketing Director for Sports Illustrated and Vice President of Consumer Marketing of Entertainment Weekly. At Time Warner, he also helped introduce SI for Kids. Mr. Loeb was responsible for starting the direct response division of Deutsch Agency immediately prior to co-founding Synapse.