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Draft:Peter Brack

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Peter Bush Brack
Education
EmployerHypothesis Ventures
Known forMedia companies: Redgate Media Holdings, One Media Holdings
Parents
  • Reginald K. Brack
  • Barbara Smith

Peter Bush Brack is an American entrepreneur, founder, business leader, and investor. In the nineties, he worked at media companies like CNN, Time Inc., and Time Warner, specifically their bases throughout Asia. Afterward, in the early 2000s, he founded his own media companies, Redgate Media Holdings and One Media Holdings, which acquired and published numerous titles in China, Hong Kong, and Taiwan.

In the 2010s, Brack began working in venture capital back in the United States; he first became a venture partner and executive-in-residence at Mucker Capital, after which he became the founding partner at Hypothesis Ventures, a firm investing in tech companies in Opportunity Zones. In 2022, Best Startup named Brack one of the "United States's 101 Top Advisors in the Finance Space."[1]

Education

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Brack has a BA from Tulane University.[2] He also attended the American University of Paris.[3]

Career

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Asian media

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In 1993, Brack was one of the first employees at Turner Broadcasting System's Hong Kong location. He also managed Time Inc.'s Asiaweek and became the company's senior vice president in Asia.[4][2] After Time Inc. shuttered Asiaweek in 2001 due to financial losses and an ensuing retrenchment effort, Brack stated: "'We had a plan, and the plan was working up until the middle of this year... Then we got struck by lightning. Nobody could have predicted the severity of this downturn.''[5] Specifically, Brack cited an existing economic slowdown in Asia paired with the aftermath of the September 11 attacks.[6] Shortly afterward, he was promoted to senior vice president of ad sales at Time and Fortune in Asia.[7] Brack also later served as an executive at Time Warner where he helped launch Cartoon Network in Asia.[8][9]

Media consolidation in Asia

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In 2003, Brack co-founded and became the CEO of Redgate Media Holdings, a consolidated media company based in China.[10] He stated that Redgate "was principally an investment company" and "its role following any acquisition would therefore be primarily strategic in nature" with regard to the media market in Asia.[11] As such, he closed deals on and acquired numerous titles, publications, and local media companies with the goal of establishing a "network of partner companies to provide seamless deals for advertisers."[4] In 2004, Redgate partnered on a venture with Ming Pao Enterprise Corp.[12] It merged with Inno-Tech Holdings in 2013.[13]

In 2004, Brack co-founded and became the CEO of One Media Holdings, a Hong Kong-based magazine publisher that operated in Hong Kong, mainland China, and Taiwan. It served as the "magazine arm" of Ming Pao Enterprise Group.[14] There, Brack oversaw the release of publications such as Chinese editions of Popular Science, Top Gear, T3, and others publications—in Hong Kong specifically, One Media Holdings published titles like Ming Pao Weekly, City Children Weekly, and Hi Tech Weekly.[15] In 2008, Media Chinese International became the major shareholder of One Media Holdings.[16]

Both Redgate Media Holdings and One Media Holdings went public on the Hong Kong Stock Exchange.[2]

Venture capital

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Brack was a venture partner and executive-in-residence at Mucker Capital, a firm based in Los Angeles, as well as a chairman of Nest Ventures and a vice chairman of the Medici Network.[17][18][2][3][19] Brack is also one of six founding and managing partners at Hypothesis Ventures, a firm investing in early-stage startup companies in Opportunity Zones.[20][21][22] In Fortune, he stated: "We see Opportunity Zones as one of the most transformative engines for economic growth, job creation, and innovation of our time... We're looking at a pretty broad range of domains from fintech, to healthcare tech, to agricultural tech, to AI, to enterprise software."[23]

Personal life

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Brack's father is Reginald K. Brack, a former chairman and CEO of Time Inc. and board member of Interpublic Group of Companies.[24][4]

References

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  1. ^ "Meet United States's 101 Top Advisors in the Finance Space". Best Startup US. 2022-06-01. Retrieved 2025-01-03.
  2. ^ a b c d "Peter Brack". Hypothesis. Retrieved 2025-01-02.
  3. ^ a b "Peter Bush Brack". Bloomberg. Retrieved 2025-01-02.
  4. ^ a b c "Emerging media giant". Ad Age. 2003-04-07. Retrieved 2025-01-02.
  5. ^ Landler, Mark (2001-12-03). "MEDIA; Asian English-Language Journals Are Reeling as Advertising Slumps". The New York Times.
  6. ^ "Time Inc. Shuts Down Asiaweek, May Close Two Other Magazines". Wall Street Journal. 2001-11-29. ISSN 0099-9660. Retrieved 2025-01-03.
  7. ^ "Butcher heads to UK to take bigger role in Time titles". Campaign Asia. Retrieved 2025-01-03.
  8. ^ Watts, David (2007-07-02). "The men who made Hong Kong". The Times. Retrieved 2025-01-02.
  9. ^ "Video: Peter Brack on Adventures in Media Entrepreneurship in China". US-China Institute. Retrieved 2025-01-02.
  10. ^ "Emerging media giant". Ad Age. 2003-04-07. Retrieved 2025-01-02.
  11. ^ "Redgate buys into China's Media2U | News". Campaign Asia. Retrieved 2025-01-03.
  12. ^ "Ming Pao venture paves way for sales foray into mainland". South China Morning Post. 2004-03-10. Retrieved 2025-01-02.
  13. ^ Inno-Tech Holdings Limited (2013-06-27). "Inno-Tech Holdings Limited Third Quarterly Report 2012/2013" (PDF). HKEXnews.
  14. ^ "Rolling Stone hits a home run with its China edition". South China Morning Post. 2006-03-08. Retrieved 2025-01-02.
  15. ^ "One Media outlines title schedules". South China Morning Post. 2005-10-24. Retrieved 2025-01-02.
  16. ^ "Reshuffles on cards at Asian media giants". South China Morning Post. 2008-04-30. Retrieved 2025-01-02.
  17. ^ "The rise of the small screen is what's driving AT&T's $85.4-billion deal for Time Warner". Los Angeles Times. 2016-10-24. Retrieved 2025-01-03.
  18. ^ Fannin, Rebecca. "Alibaba's New Pasadena Hub Signals LA As Growing Gateway To China". Forbes. Retrieved 2025-01-02.
  19. ^ "Peter Bush Brack". Market Screener. Retrieved 2025-01-02.
  20. ^ Meyersohn, Nathaniel (2019-05-08). "Anthony Scaramucci on stocks, trade and China". CNN. Retrieved 2025-01-02.
  21. ^ Schleifer, Theodore (2018-10-16). "The new hotness for tech billionaires? Do-gooder investments they can write off on their taxes". Vox. Retrieved 2025-01-02.
  22. ^ Rubin, Richard; Simon, Ruth (2018-11-14). "Rich Investors Eye Tax-Favored Development Funds". Wall Street Journal. ISSN 0099-9660. Retrieved 2025-01-03.
  23. ^ Marinova, Polina. "Meet the New Venture Firm That Won't Invest in Silicon Valley". Fortune. Retrieved 2025-01-02.
  24. ^ Cardwell, Diane (2016-10-10). "Reginald K. Brack Jr., 79, Dies; Led Time Inc. Into Entertainment Era". The New York Times. Retrieved 2025-01-03.
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