Liz Gannes

Recent Posts by Liz Gannes

Bob Pittman to Join Board of Soon-to-Launch Airtime

Clear Channel CEO Bob Pittman will join the board of Airtime, the soon-to-launch video start-up from Napster co-founders Sean Parker and Shawn Fanning.

Pittman, who founded MTV, was formerly COO of AOL and CEO of MTV Networks before joining Clear Channel last year. “He’s the only media mogul who’s genuinely an entrepreneur,” Parker told AllThingsD.

Meanwhile, Pittman said, “Sean and Shawn have a unique ability to see opportunities in the consumer internet and create services that fundamentally change our culture. They have a clear and exciting vision for Airtime and have assembled a world class team that can deliver. I am excited to be involved.”

Airtime’s board members are now Parker and Fanning, Pittman, and Bing Gordon of Kleiner Perkins, which recently led a $25 million round of funding for the company.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work