Fox Interactive Media COO Mark Jung Resigns

Authored by Mark Hefflinger on November 3, 2006 - 2:10pm.

San Jose, Calif. - Fox Interactive Media chief operating officer Mark Jung quietly stepped down earlier this week, the San Jose Mercury News reported. Jung, who had been in the position for just nine months, also co-founded and was CEO of IGN Entertainment, a games company acquired by Fox Interactive Media prior to its MySpace purchase.

In an interview, Fox Interactive CEO Ross Levinsohn told the Merc that Jung left for personal reasons. Levinsohn also responded to data that shows MySpace visitors dwindled from 49.2 million in August to 47.2 million in September.

"Certainly, you aren't going to continue to grow at the rate of 60 million users every few years,'' Levinsohn told the Merc. "We're running out of people (who will register for the service) in this country, but we're just starting to launch sites internationally."

Levinsohn also commented on Google's YouTube acquisition. "I don't think we would have spent $1.6 billion to acquire YouTube…[but] if you're going to run a (sale) process of one of the hottest companies on the Internet, you should do that openly. There's no advantage to shareholders to do these things in private. You don't necessarily get the best value in the market. If it were out being shopped, maybe it could have sold for $2 billion," Levinsohn said.

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Mark Jung interview

Submitted by Min Liu (not verified) on April 9, 2007 - 10:36pm.

Hi, you might find this Mark Jung interview an interesting piece after his resignation. It is done by two iinnovators, Stanford business school students. http://iinnovate.blogspot.com/2007/04/mark-jung-formerly-of-fox-interact... Min, on behalf of the iinnovate team.