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Malm was born in Cleveland, Ohio, where he grew up and attended Denison University, achieving a degree in Mass Media Communications. He worked as a manager for his university radio station during his time at Denison.
Malm began his artist management career after college by managing several local acts, including Lucky Pierre and System 56. He soon became the full-time manager of the local band [[Exotic Birds]], in which Reznor was a member at the time. Malm and Reznor left the Exotic Birds in 1987, and Malm quickly picked up Reznor as a client after hearing his ''[[Pretty Hate Machine]]'' demos. Malm and Reznor eventually signed onto [[TVT Records]].[http://blogcritics.org/archives/2004/06/01/0843047.php]
===With Nine Inch Nails===