Still waters run deep with Glenn Krieg, the CFO of Morgan Murphy Media.

But while he’s a reserved and quiet per-son, “he’s always there to provide help for the association,” remarks Mary Collins, MFM and BCCA’s president and CEO.

The former MFM Board member “is good counsel. He has helped us recruit people to both the Radio and TV Com-mittees. He has helped us find speakers for numerous sessions at the annual confer-ence,” adds Collins.

Krieg is a Wisconsin man, born and bred, and the privately held company he works for has deep roots in the state as well. Morgan Murphy is a third-gener-ation, family owned operation with sev-eral radio and TV stations in Wisconsin, along with the magazine Madison, some digital assets and other broadcast proper-ties in Washington, Iowa and Idaho.

After attending the University of Wisconsin, Krieg became the assurance department head at Grant Thornton LLP in Madison, then joined Madison-based Morgan Murphy in 1997.

In addition to his involvement with MFM, he’s a member of the American Institute of Certified Public Accountants, the Wisconsin Institute of Certified Public Accountants and the Institute of Manage-ment Accountants. He also is chairman of the board of the Monona Terrace Commu-nity and Convention Center in Madison.

Revenue recognition is of interest to many MFM and BCCA mem-

bers. And Suzanne Tuxill, the corporate controller for Salem Media Group, has become one of the “go to” people with-in the two organizations when questions come up about the complex and evolv-ing topic.

“Revenue recognition is something that we’ve been talking about for a very long time, but it’s now impacting the media industry,” explains MFM’s Col-

lins. “The U.S. Securities and Exchange Commission announced they were going to change revenue recognition standards a few years ago, and the results of those changes are just starting to be felt. Sue has worked tirelessly to make the mem-bership aware of what this means to them.”

Tuxill has been involved with several Distance Learning Seminars as well as Media Finance Focus sessions on the topic. And she’s also been a “stalwart” member of the Radio Committee, Collins says.

Tuxill has been with Salem for 10 years and oversees the accounting and financial reporting for all of Salem’s radio stations, networks, Web sites and publishing units throughout the U.S. In addition to revenue recognition, her areas of expertise include SEC financial reporting, Sarbanes-Oxley compliance and business process improvements.

When MFM sought to deepen its involvement with financial manag-

ers with a series of special “localism” events held in various markets, Michael (Shane) Turner stepped up to the plate.

Turner, who is a controller at Turner Broadcasting System Inc. (and no rela-tion to Ted Turner), worked hard along-side Szabo Associates’ president C. Robin Szabo to spearhead the very first event, held in Atlanta last year.

“He found a speaker and made sure

everything worked out with the venue [at TBS’s headquarters],” recalls MFM’s Mary Collins. And for an encore, he helped organize a second localism event in Atlanta this past March.

Turner is a key person within a large team of TBS staff members who work together to serve MFM’s best interests. “All of these folks are doing this on their own time – after hours and on weekends,” Collins says.

Turner’s day job gives him plenty to do. He is a controller within TBS’s advi-sory services group, where he helps set accounting policies, evaluates account-ing literature and provides interpretive guidance to the company’s accounting groups.

Prior to his current position, Turner led the content and other revenue accounting and capital finance shared services groups within TBS.

ANNUAL AWARD WINNERS

40 The Financial Manager • May/June 2015

W C RThis award honors members who help MFM and BCCA achieve their goals.

GLENN KRIEG

Morgan Murphy Media

MICHAEL (SHANE) TURNER

Turner Broadcasting System

SUZANNE TUXILL

Salem Media Group