RealNetworks CEO Search Ends With Appointment of Thomas Nielsen

RealNetworks has hired Thomas Nielsen as its new president and CEO. Nielsen, who will also join the board, most recently served as VP of the Digital Imaging Group at Adobe Systems. According to a filing with the SEC, Nielsen’s base salary will be $450,000. He will also be entitled to a signing bonus of $100,000, stock options and the chance to earn additional bonuses.

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald