Yahoo Hires Former ABC TV Exec
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What better person to appoint to head your media and entertainment division than a Hollywood executive with shows like âThe Sopranosâ, âLostâ, âDesperate Housewivesâ, âWife Swapâ and âBoston Legalâ under his belt?
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Terry Semel  resigned under pressure on Monday as CEO of Yahoo Inc., and the  company handed the reins back to Jerry Yang, the billionaire  co-founder of the search engine that became one of the  Internet&#39;s earliest success stories.
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Terry Semel ended his six-year run as Yahoo Inc.'s chief executive officer on Monday, and the company's co-founder Jerry Yang will take over from him, the company said.
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Yahoo said it had penned an agreement with Current, the current events cable network pioneered by former presidential candidate Al Gore. The deal would bring some of the network's "viewer created content" to Yahoo's video service.
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Online giant Yahoo Inc. has hired a former ABC television programmer to head its media and entertainment division. Lloyd Braun, who was behind shows such as &quot;The Sopranos&quot; on HBO and &quot;Lost&quot; on ABC, will try
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Says goodbye! to chief operating officer Yahoo!'s chief operating officer Daniel Rosenweig and entertainment group head Lloyd Braun are both leaving the company.â¦
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(InfoWorld) - Yahoo's CTO, Farzad Nazem, is stepping down. Farzad has been with the company since 1996 and had served as CTO for the past decade, overseeing Yahoo's engineering and product development. He also served as head of Yahoo's Technology Group. He leaves as the company is struggling to compete with Google, the leader in the Internet advertising and search space. "After spending the last 26 years in this fast-paced technology industry, I've finally decided it's time to slow down," Nazem wrote Wednesday in a posting to the company's blog. No replacement for Nazem has been announced, but Yahoo co-founder Jerry Yang "will be acting as the interim executive sponsor of the Technology Group until we identify my permanent replacement," Nazem said. Nazem's resignation was disclosed in a company filing with the U.S. Securities and Exchange Commission, made Wednesday. His resignation is effective June 8, the filing states.
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Vince Broady, a senior vice president in Yahoo's media group, is the latest executive to leave the company as his duties are scaled back.
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Yahoo Inc.  on Monday  tapped co-founder Jerry Yang to replace Chief Executive Terry  Semel, bowing to investor pressure as the Internet media  company has failed to keep up with rival Google Inc. .
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Following investor pressure for a  management shake-up, Yahoo Inc.  Chairman and Chief  Executive Terry Semel is stepping aside and will be replaced as  CEO by co-founder Jerry Yang, Yahoo said on Monday, sending  shares up 3.5 percent in extended trade.
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Yahoo Inc. on Monday tapped co-founder Jerry Yang to replace Chief Executive Terry Semel, bowing to investor pressure as the Internet media company has failed to keep up with rival Google Inc..
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Yahoo Inc.  on Tuesday announced a reorganization that marks Chief Financial Officer Susan Decker as a potential successor as CEO and simplifies its structure as it battles faster-growing rival Google.
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Struggling Internet giant Yahoo brought back co-founder Jerry Yang as chief executive Monday to replace Terry Semel as the company girds up to fight back the Google juggernaut.
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(InfoWorld) - Yahoo Inc. has shaken up its top management ranks once again, as the struggling Internet giant continues tweaking its organizational structure to boost advertising sales, its main source of revenue. In the latest shift, Yahoo President Susan Decker announced in a memo to staff that the company's top sales executive is on his way out and that a new global sales organization has been created. Major management shakeups have become frequent at Yahoo in the past 10 months, as the company urgently tries to compete better, not only against archrival Google Inc. but also against nimble startups, and turn around its generally disappointing financial performance. Two months ago, co-founder Jerry Yang took over as CEO and chairman from Terry Semel, while Decker, former chief financial officer and head of Yahoo's advertiser and publisher group, became president, a drastic change driven by widespread investors' dissatisfaction with the company's direction. In particular, Semel took the fall for Yahoo's inability in recent years to profit as heavily as Google has from search engine-based pay-per-click advertising and for missed opportunities in hot markets like social networking and video sharing, where the company lacks strong services. A week after Semel's demotion to non-executive chairman,Â Yahoo combined its search and display advertising sales teams in the U.S. It was an attempt to extend the company's long-standing, core display advertising client relationships to the pay-per-click business, which generates about 40 percent of the industry's online advertising. Just seven months earlier, in December,Â Semel had rolled out a major reorganization, creating three main business units to focus on Yahoo's key customer segments: consumers, advertisers and publishers. At the time, Semel also announced that Dan Rosensweig, then chief operating officer, would leave the company. That reorganization was preceded by a widely publicized internal memo that was leaked to the media in November and came to be known as the Peanut Butter Manifesto. In the scathing memo, Brad Garlinghouse, Yahoo's senior vice president of communications and communities, called for a major reorganization, saying the company lacked "a focused, cohesive vision" that had made it "reactive" and eager to be "everything to everyone." Since theÂ uproar over the Peanut Butter Manifesto and the ensuing shakeups, Yahoo has seen quite a few changes in its upper management ranks. In addition to Semel's demotion and Rosensweig's departure, also gone are Wenda Harris Millard, who was chief sales officer, and Chief Technology Officer Farzad Nazem. In June, The New York Times reported that, in addition to these executives, at least 17 others at vice president level or higher had left Yahoo since the December reorganization. In the memo she penned on Wednesday, obtained by IDG News Service, Decker acknowledged that "there have been many changes at Yahoo over the last few months, and I know that change is not always easy." However, with the latest moves, she feels that the company now has "the right people in the right positions to focus on the right opportunities." Someone who will not be around much longer is Gregory Coleman, executive vice president of global sales, who, Decker announced, will exit the company in February. The new sales division, called Global Partner Solutions, will be led by Hilary Schneider and deal with all of the company's partners, including advertisers, agencies, resellers, publishers, ad networks and developers. "This new group will be charged with creating, delivering and coordinating global best practices for solutions to all of our partners," Decker wrote. "It will also have direct responsibility for our U.S. sales, marketing and business development efforts, including all ad formats, like search, display, video and mobile; all marketing activities; and all customers, including large enterprises and small businesses." "Global Partner Solutions will be responsible for segmenting the business needs of our partners into actionable groups, understanding the needs of these segments and our ability to meet these needs, developing holistic business strategies to delight and surprise these segments, and executing on these strategies," the memo reads. "This approach will help us achieve faster, smarter decision-making and improved execution in support of better serving our customers." Yahoo didn't immediately return calls seeking comment. Â
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Yahoo Chairman Terry Semel ended his six-year stint as chief executive officer Monday and will hand over the reins to co-founder Jerry Yang in the Internet icon&#39;s latest attempt to regain investor confidence. Semel, 64, will remain chairmain in a non-executive role.
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Martha Stewart Living Omnimedia said  on Monday that it has hired its second former Yahoo Inc  executive to run a sales operation that is devoting more focus  to its online operations.
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Internet media company Yahoo  Inc. and Current TV, a television channel founded by  former U.S. Vice President Al Gore, on Wednesday said they had  teamed up on a Web video service aimed at young adults.