You Sold Your Company, What Did You Buy First? Here’s What I Did.

Having some money all of a sudden is a weird thing. I’ve always wondered what entrepreneurs do when they hit it. What do they buy, if at all?

Head of MTV Networks Resigns

Viacom Inc. said Thursday Judy McGrath is resigning from her post as chief executive of its MTV Networks unit, giving the company’s top executives more direct control of some of its biggest assets.

Microsoft-Facebook Tiff Over Ad Talent Raid Downgraded to "Disappointed" (With a Side of Settlement)

While Facebook should not be expecting big bouquets of love from its partner and investor Microsoft, at least it’s not going to be getting legal brickbats either. According to sources close to the situation, the pair have settled a dispute over the Silicon Valley social networking site’s talent raid of Microsoft’s head of global ad sales, Carolyn Everson, for a similar job at Facebook.

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MTV Digital Marketer Heather Hopkins Goes To Gilt

Heather Hopkins Freeland, who ran marketing and sales for MTV Networks Digital, has jumped from the Viacom unit to head marketing at Gilt City, the local offers company spun out of Gilt Groupe. Freeland joined Viacom in 2008 to build out MTV’s “Tribes” ad networks business.

Former DoubleClick Execs Create Groupon Competitor, But It's Not Exactly A Clone

Think there’s already too many Groupon clones? Think again. Group Commerce, which is coming out of stealth today, has the pedigree and the funding to be a viable contender. What’s more, it is coming out of the gate running with four major publishing partners already signed up on its publisher platform.

Exclusive: Microsoft Mulls Legally Poking Facebook Over Ad Talent Raid

Microsoft–furious over a recent talent grab of its top advertising exec by Facebook–has been considering a wide range of options, including legal action to block the move, according to sources close to the situation. While it might not come to that, tensions between the two companies, who have partnered closely in the past, are running high over the hiring of Carolyn Everson. She had been head of global ad sales at Microsoft and has been hired to be VP of global sales at Facebook.

Exclusive: Facebook Grabs Microsoft Global Ad Head Carolyn Everson

Apparently, it’s not only in Google’s pond where Facebook fishes for talent–the social networking giant has recruited Microsoft’s global advertising head Carolyn Everson as one of its top sales execs. A Facebook spokesperson confirmed the hiring, after a query by BoomTown. The move will surely cause some tensions with the software giant, which is both a prominent partner of and investor in Facebook, especially since Everson was only hired at Microsoft last June after a long search.

Exclusive: Viacom Digital Boss Greg Clayman Headed to Rupert Murdoch's iPad Newspaper

Rupert Murdoch’s iPad-friendly digital newspaper doesn’t have a launch date or a name yet, but it is hiring. News Corp. has tapped Greg Clayman, who runs digital distribution for Viacom, to run the new publication’s business operations, multiple sources tell me.

Viacom Gets Into Social Games: When Do We See JerseyShoreville?

Viacom wants in on the social game market, and it’s going to try buying its way in. The company has picked up Social Express, a 10-person start-up founded by Zynga vets in 2009, so it can build out games based on its shows.

Help Wanted: So When Is Yahoo Going to Hire a New Head of Ad Sales?

It’s been almost four months since Joanne Bradford stepped down as head of U.S. revenue and market development for Yahoo, and the company has yet to hire a new exec to fill the key job. That’s got a lot of people inside Yahoo a little jumpy, according to numerous sources who have contacted me recently, because of the importance of firm leadership in the premium online ad business in which the Internet giant needs to keep excelling.

Owen Van Natta Out at MySpace