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Diller Resigns as Chairman and CEO of Vivendi Universal Entertainment

Authored by Mark Hefflinger on March 19, 2003 - 4:48am.
New York -- Barry Diller announced on Thursday his resignation as chairman and CEO of Vivendi Universal Entertainment, the U.S. entertainment arm of the debt-laden French media conglomerate. "My executive role was never intended to be permanent," said Diller, who remains chairman and CEO of USA Interactive. "Now that Vivendi Universal has begun a formal process in reviewing options for its entertainment assets, it is appropriate to step aside from any direct management responsibility." Separately, Diller's USA Interactive announced on Wednesday that it acquired all the shares of online travel site Expedia that it did not already own for $3.3 billion.
http://biz.yahoo.com/bw/030319/195457_1.html
http://www.vivendiuniversal.com
tags: Vivendi Universal | CEO | Chairman | Resigns | Diller |



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