Doug Mitchelson, Managing Director, leads U.S. media equity research at Deutsche Bank Securities Inc. and is the Senior Equity Analyst covering the media and the cable and satellite sectors. Mr. Mitchelson was ranked in the latest three Institutional Investor All-America Research Team surveys, including number three in media and runnerup in cable and satellite in 2012. He was voted fourth-best analyst on Wall Street across all sectors in the 2012 Institutional Investor survey for his cable and satellite earnings estimates. He was ranked number two in the 2011 Greenwich Survey for movies and entertainment and broadcasting. He was also named one of The Wall Street Journal’s Best on the Street among media analysts for an 81% return for 2006 and ranked number one by Forbes among media stock pickers in 2007. Before joining Deutsche Bank, he was a Senior Audit and Tax Accountant for Ernst & Young, and worked at PaineWebber in industrials investment banking. Upon joining the media research team at Deutsche Bank in 1995, coverage initially included the radio and TV broadcasting and entertainment sectors, adding outdoor and towers over time. He holds business degrees from the University of Wisconsin-Madison, and was previously a Certified Public Accountant.