People

Dave Westburg

Dave has been lending to media companies for 28 years.  He has been a partner at the company since 2004.  Dave manages client and investor relationships.  From 1997 to 2004 he was co-founder and President of Westburg Media Capital, L.P.  a private finance company which lent $142 million to small radio station, outdoor, web and publishing companies.  He sold Westburg Media Capital, L.P. to Wells Fargo Foothill, a subsidiary of Wells Fargo Bank in 2004.  Prior to forming Westburg Media Capital L.P. Dave was a corporate banker at US Bank of Washington (1989-1997) and the Continental Illinois National Bank and Trust (1986-1989).  Dave has an MBA from the Graduate School of Business at the University of Chicago (1986), an MA from the Eagleton Institute of Politics at Rutgers University (1982) and a BA from Pacific Lutheran University (1980).  Dave is a lecturer on debt financing for the Broadcast Leadership Training Program put on by the National Association of Broadcasters.  Dave is an avid fly fisherman and fly tyer.    Dave and his wife Kay have two children.

Jim Penney

Jim has 24 years experience structuring media financings and operating media companies. Jim has been a partner at the company since 2004.  He handles legal affairs.  Jim is the Executive Vice President of Wave Broadband, a cable data and phone provider servicing 144,000 customers in Washington and California.  From 2000 to 2006 Jim was a partner at the Seattle law firm of Cairncross and Hempelmann, PS, where he practiced in Corporate Finance and Technology.  From 1985 to 2000 Jim was the Vice President, General Counsel and Secretary of Northland Communications Corporation, a top 20 cable TV company.  Jim received his BA from the University of Florida and his JD from the College of William and Mary, where he was a member of the Law Review.  He also completed the University of Washington’s year long Business Management Program.  Jim and his wife Lauraleigh have three children.

John Weller

John has 17 years experience in media lending.  John has been a partner at the company since 2008.  John handles client and banking relationships and acts as chief financial officer.  From 2004 to 2008 John was Co-Founder, Senior Vice President of Media Lending at Wells Fargo Foothill and a Managing Director at Gladstone Capital.  From 1997 to 2004 John was Co-Founder, Chief Financial Officer and Chief Credit Officer for Westburg Media Capital, L.P.  John has also owned and operated cable TV and security alarm monitoring companies.  John received a BA in Business Administration from Washington State University and is a Certified Public Accountant.  John has served as a volunteer and on the board of several mission organizations including currently serving as Chairman of Partners International.  He also enjoys taking time to bike and hike as well as being an avid sports fan.  John and his wife Julie have two children.

Kay Westburg

Kay Westburg has been worked for the company since 2007.  She manages the company’s loan and billing software and is the company’s bookeeper.  She has served on the board of trustees for  Bellevue Christian School.  Kay is an avid gardener and runner and wishes she could ski more.  Kay is married to Dave and they have two children.