At the Spring 2013 Advisory Board meeting, the MS in Publishing prorgam awarded the first Allan Rabinowitz Scholarship to a graduate student.  Award recipient, Diana Cavallo, will be graduating from the program this May.   This scholarship was created to recognize the achievement of a student in the study of financial aspects of publishing, and will be awarded annually.


Allan Rabinowitz worked as a finance and accounting professional, a Professor of Accounting and Publishing at Pace University for 50 years, and a MS in Publishing Advisory Board member.  This scholarship was funded by very generous Advisory Board members after Prof. Rabinowitz announced his retirement last year.


Prof. Rabinowitz graduated from Pace as a Public Accounting major and became an Auditor for an international CPA firm.  He later held many different positions including, Vice President of Finance at Macmillan Publishing Co., Inc.,Vice President of Finance of Family Weekly, which is now known as USA Weekend, and Executive Vice President and Treasurer, and then President, of The Scribner Book Companies. 


As a Professor, he taught the Financial Aspects of Publishing since the program began and designed it around his personal experiences in magazines, books and newspaper industries’ accounting and finance departments.  The course introduces students to the basic concepts of accounting and finance, as it applies to the industry and helps them understand the budgeting process and how to read financial statements.

Read the rest of Allan Rabinowitz’s past interview with Prof. Denning.



Below is Diana Cavallo’s Award Acceptance Letter

I am very proud and honored to be the 2013 recipient of the Allan Rabinowitz Scholarship.  First I would like to thank the Advisory Board and Professor Sherman Raskin for granting me this honor.  The opportunity to gain a better understanding of and appreciation for the financial sector of the publishing industry has been invaluable.  I am very grateful to Professor Edward Monagle, for guiding me through the Financial Aspects of Publishing course and sharing his industry insights with the class.  He made exploring the finance world engaging and applicable to our future careers. 


Having grown up in New York City in an Italian-American immigrant family, my dream was to join the talented group of people who created the books that filled my childhood years.  The opportunities afforded to me by Pace University and Allan Rabinowitz Scholarship have helped me work toward achieving this goal.  As a Student Aide in the Publishing office, I am privileged to assist with our informational and engaging Publishing Blog and help facilitate program events. My recent experiences as a Simon & Schuster intern have allowed me to observe the inner workings of a very reputable publishing house and expand my knowledge of the Children’s and Young Adult genres.  As a Youth Representative to the United Nations for the Women’s National Book Association, I work to promote literacy, women’s rights and the important causes of the United Nations.


Thank you for acknowledging my commitment to academics and the publishing industry.


Diana Cavallo

Pace University, ‘13