Yahoo Friday named Jim Lanzone, a veteran tech and media executive, CEO of Tinder and former head of CBS Interactive, as its new chief executive effective September 27.
He succeeds Guru Gowrappan, who becomes senior advisor to the private equity business of Apollo Global Management, which acquired Yahoo and other media assets from Verizon in May for $5 billion. Verizon retained a 10% stake.
Apollo said Lanzone will help Yahoo accelerate the growth of its properties as a privately held company and draw on his deep media experience “to drive the next generation of innovation” across its content and advertising platforms. It said Yahoo intends “to invest significantly” in the user experience and new offerings that can build on its brands in sports, finance, news and technology.
Lanzone joins Yahoo from Tinder, where he has been CEO. Prior to that, he led the digital operations of CBS Corp. as chief digital officer and...
He succeeds Guru Gowrappan, who becomes senior advisor to the private equity business of Apollo Global Management, which acquired Yahoo and other media assets from Verizon in May for $5 billion. Verizon retained a 10% stake.
Apollo said Lanzone will help Yahoo accelerate the growth of its properties as a privately held company and draw on his deep media experience “to drive the next generation of innovation” across its content and advertising platforms. It said Yahoo intends “to invest significantly” in the user experience and new offerings that can build on its brands in sports, finance, news and technology.
Lanzone joins Yahoo from Tinder, where he has been CEO. Prior to that, he led the digital operations of CBS Corp. as chief digital officer and...
- 9/10/2021
- by Jill Goldsmith
- Deadline Film + TV
Verizon said Monday that it’s clinched a deal to sell its media assets to Apollo Global Management and related entities for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by CEO Guru Gowrappan.
Verizon Media brands are led by Yahoo and AOL, two companies with a complex and difficult past.
Yahoo was founded in 1994 by electrical engineering students Jerry Yang and David Filo as a website called Jerry and David’s Guide to the World Wide Web. It became a portal and grew rapidly during the 1990s, riding the Internet boom, but also the crash in 2001, and had a long succession of CEOs including Yang, former Warner Bros chairman Terry Semel, Caro Bartz, Tim Morse, Scott Thompson, Ross Levinsohn and Marissa Mayer.
AOL launched even earlier, in the late 1980s, and was...
Verizon Media brands are led by Yahoo and AOL, two companies with a complex and difficult past.
Yahoo was founded in 1994 by electrical engineering students Jerry Yang and David Filo as a website called Jerry and David’s Guide to the World Wide Web. It became a portal and grew rapidly during the 1990s, riding the Internet boom, but also the crash in 2001, and had a long succession of CEOs including Yang, former Warner Bros chairman Terry Semel, Caro Bartz, Tim Morse, Scott Thompson, Ross Levinsohn and Marissa Mayer.
AOL launched even earlier, in the late 1980s, and was...
- 5/3/2021
- by Jill Goldsmith
- Deadline Film + TV
Just 18 months after Jerry Yang replaced Terry Semel as CEO of Yahoo, the pioneering Internet search and portal company is looking for a new chief executive.
Yahoo said Monday that Yang, who co-founded the company 14 years ago with David Filo, will step down when a successor is found, at which time he'll resume his former role as Chief Yahoo. He'll remain a board member.
Yang became CEO in June 2007 after Semel was forced from the job because he was blamed for allowing Google to surpass Yahoo and become the planet's dominant Internet company.
But at least Semel could boast that Yahoo's stock rose 148% under his six-year reign. Under Yang's 18-month stint, the stock has plunged 62%, and Yang didn't curry much shareholder favor when he dismissed a bid from Microsoft to buy the company for $33 a share. The stock closed Monday at $10.63.
Carl Icahn, a Yahoo board member, is said to...
Yahoo said Monday that Yang, who co-founded the company 14 years ago with David Filo, will step down when a successor is found, at which time he'll resume his former role as Chief Yahoo. He'll remain a board member.
Yang became CEO in June 2007 after Semel was forced from the job because he was blamed for allowing Google to surpass Yahoo and become the planet's dominant Internet company.
But at least Semel could boast that Yahoo's stock rose 148% under his six-year reign. Under Yang's 18-month stint, the stock has plunged 62%, and Yang didn't curry much shareholder favor when he dismissed a bid from Microsoft to buy the company for $33 a share. The stock closed Monday at $10.63.
Carl Icahn, a Yahoo board member, is said to...
- 11/17/2008
- by By Paul Bond
- The Hollywood Reporter - Movie News
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