Founders of CBS-Owned Web Music Service Last.fm Resign

Authored by Mark Hefflinger on June 10, 2009 - 10:57am.

London - The three founders of London-based social music discovery service Last.fm, which was acquired two years ago by CBS (NYSE: CBS) for $280 million, announced on Wednesday in a blog post that they are stepping down from the company.

"After two years running Last.fm within CBS we feel the time is right to begin the process of handing over the reins," reads the blog post from Felix Miller, Martin Stiksel and Richard Jones.

"This is the latest stage in a long journey for us founders, which began in a living room in East London in 2002, and took us to the headquarters of one of the biggest media companies in the world."

Stiksel and Miller told PaidContent that CBS Interactive Music president David Goodman will serve as interim general manager at Last.fm while a replacement is sought.

The trio noted that Last.fm's user base has more than doubled over the past year, to 37.3 million monthly unique visitors.

Related Links:
http://snipurl.com/juwxi (Last.fm blog)

http://snipurl.com/juwjn (PaidContent)

http://www.guardian.co.uk/technology/2009/jun/03/last-fm