53 posts and columns on industry moves feature
Of course, Time Warner’s AOL has hired yet another Google veteran. That’s what the company does under the Tim Armstrong regime. Today’s example: Shashi Seth, the one-time “monetization” boss at YouTube, who was most recently running sales at Cooliris. His new job: Senior vice president of global advertising products, reporting to Armstrong’s lieutenant (and Google vet, natch) Jeff Levick.
Vevo, the music industry’s attempt to create a Hulu-like hub for its videos, is going to attract a lot of eyeballs when it launches later this year. Here’s the guy who’s supposed to attract advertisers: David Kohl, a former Nokia executive who starts work today as the site’s sales boss.
CEO Tim Armstrong says he’s still overhauling the Internet company in advance of its spinoff from Time Warner, but he has hopeful noises to make about ad sales. He has nothing, however, to say about chats with Microsoft.
One of Microsoft’s top execs, Debra Chrapaty, who heads its infrastructure business, is leaving the software giant to take a top job at Cisco, sources said. Chrapaty–whose title is corporate VP of Global Foundation Services–is also one of increasingly few top women tech execs at Microsoft, where she has worked for seven years. Chrapaty will now shift to products at Cisco, running the collaboration software group, according to sources.
Another high-ranking Yahoo exec is leaving–this time, Jim Schinella, the company’s SVP for corporate partnerships. Schinella announced the move internally last week, telling staff he would stay on until the end of the year. Located in New York, he has been focused on strategic deals with big Yahoo partners.
Former Bebo CEO Joanna Shields and Shine Group Chairman and CEO Elisabeth Murdoch have formed a content start-up to produce across media platforms, both online and offline, with a focus on social engagement, according to sources. The new venture, which does not have a name, is being financially backed by both Shine and Shields. Based in London, it will invest, develop and partner to create a variety of content offerings that also incorporate interactive and social networking elements.
This isn’t the long-rumored round of mass layoffs, but AOL boss Tim Armstrong did let go of two executives today: COO Kim Partoll is out, as is John Kannapell, SVP of search and local media.
How do you sell a business magazine that lost $43 million last year? Convince buyers that they could fire 20 percent of the staff without missing a beat. That’s part of the pitch Evercore Partners has been making to investors on behalf of McGraw-Hill, which wants to dump BusinessWeek. Look out, copy editors!