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CEOLiberty Media Names Gregory B. Maffei President and CEOAuthored by Mark Hefflinger on March 1, 2006 - 9:35am.
Englewood, Colo. - Liberty Media, a company that owns or has holdings in media firms including Discovery Communications, Starz Encore Group, On Command and News Corp., announced on Wednesday that it has appointed Gregory B. Maffei as president and CEO. John Malone, who will remain Liberty's chairman, will step down as CEO, a role he assumed when former CEO Robert Bennett announced his retirement.
CEO of Online Poker Site PartyGaming to ResignAuthored by Mark Hefflinger on February 28, 2006 - 9:03am.
London - Gibraltar-based PartyGaming, owner of the largest online poker website in the world, announced that its chief executive officer, Richard Segal, will resign in June. Segal, who lives in the U.K., is understood to have made the decision after he refused the board's request to relocate to Gibraltar permanently. Segal led PartyGaming's initial public offering on the London Stock Exchange last year. He is also credited with spearheading the company's expansion into blackjack and the unification of its online betting system.
Mediaguide Names Steve Lubin as New CEOAuthored by Mark Hefflinger on February 1, 2006 - 7:48am.
New York - Mediaguide, a provider of digital fingerprinting technology used to monitor radio airplay, announced on Wednesday that it has named Steve Lubin as its new CEO. Previously, Lubin served in the legal department at ASCAP, the performing rights organization that is also co-owner of New York-based Mediaguide.
Infinium Labs Names Greg Koler as New President and CEOAuthored by Mark Hefflinger on January 11, 2006 - 3:51am.
Seattle - Infinium Labs, the developer of a long-delayed broadband PC-based video game console, announced on Wednesday that it has named Greg Koler as president and CEO, replacing former Xbox head Kevin Bachus, who resigned as CEO of Infinium after less than four months on the job. Koler, who was serving as interim CEO of Infinium, previously worked at game publisher TDK Mediactive and Gemstar-TV Guide International. "Our business operations plan has been revitalized and a more efficient production, sales and distribution platform established to activate our launch program in 2006," said Infinium's Richard Angelloti.
MediaMax Patches CD Copy-Protection Risk, Names New CEOAuthored by Mark Hefflinger on November 22, 2005 - 11:09am.
Phoenix, Ariz. - MediaMax Technology, a developer of anti-piracy technology that is merging with fellow anti-piracy firm SunnComm Technologies, on Tuesday released a statement responding to the revelation that computer researchers discovered a security risk in its CD copy-protection software. The company said it has patched the security hole in the program, used to uninstall the security software included on millions of CDs from Sony BMG and other labels. "We sincerely apologize for any inconvenience this may have caused. We also want to thank Professor Edward W. Felten, J. Alex Halderman and the Princeton team of computer experts," said Kevin Clement, CEO of MediaMax. Clement officially became CEO of the company on Tuesday; previously, he was senior director of new technology at Sony BMG. The company said outgoing president and CEO William Whitmore Jr. will continue to serve as an executive vice president and board member.
Former Xbox Exec Bachus Quits as CEO of Troubled Games Firm InfiniumAuthored by Mark Hefflinger on November 21, 2005 - 2:58am.
Seattle - Kevin Bachus, a former top Xbox executive at Microsoft, has announced his resignation as CEO of Infinium Labs, the developer of an unreleased video game console he joined in December 2003. "I'd like to thank Kevin for his past support and wish him well with his future endeavors," said Greg Koler, who was named interim CEO, CFO, president and a director of Infinium. "A lot of that support has helped put our operational planning on track and has helped create awareness for the company in the industry." Koler was previously general manager of Gemstar-TV Guide's European Infomedia unit, and was a founding director of Sony Computer Entertainment Europe. Seattle-based Infinium Labs was slated to release its "Phantom" PC-based broadband gaming service in the fall of 2004, but numerous delays have pushed the release to at least mid-2006.
Micropayments Firm BitPass Names Douglas Knopper As CEOAuthored by Mark Hefflinger on November 16, 2005 - 4:21am.
Menlo Park, Calif. - BitPass, a provider of online micropayments technology, announced on Wednesday that it has named former DoubleClick senior vice president and general manager Douglas S. Knopper as its new CEO. "BitPass has made impressive gains with its platform to market and sell premium content, and is well positioned to set its sights on portals and brands that command mass audiences," said Knopper.
CEO of Mobile Game Developer I-play Steps DownAuthored by Mark Hefflinger on November 10, 2005 - 7:57am.
London - I-play, the U.K.-based mobile game developer formerly known as Digital Bridges, announced that CEO Brian Greasley has stepped down. Greasley joined the company in 2001 from U.K.-based private-equity firm Apax Partners, which remains a majority shareholder in the company. Current chief operating officer David Gosen will take over as CEO, effective immediately. Apax and Argo, I-play's leading shareholders, have expressed their continuing commitment to the company.
Digital Music Firm Snocap Names Former EA Exec as CEOAuthored by Mark Hefflinger on October 26, 2005 - 5:15am.
San Francisco - Snocap, the digital music licensing and copyright management firm founded by Napster creator Shawn Fanning, announced on Wednesday that it has named Rusty Reuff as CEO. Reuff was most recently executive vice president for human resources at game developer Electronic Arts. San Francisco-based Snocap, which is building a digital repository of licensed songs for use in legal peer-to-peer services, will see its technology put to use for the first time with the launch of the Mashboxx file-sharing network, scheduled yet this fall.
VOD Provider B2Digital Names J. Michael Heil as CEOAuthored by Mark Hefflinger on October 26, 2005 - 4:56am.
Mesa, Ariz. - B2Digital, a provider of video-on-demand, pay-per-view and other digital services to the hospitality industry, announced on Wednesday that it has named J. Michael Heil as its new CEO. Prior to joining Mesa, Ariz.-based B2Digital, Heil was CEO of regional broadband provider Corridor Communication.
Arroyo Video Solutions Appoints President and CEOAuthored by Mark Hefflinger on October 3, 2005 - 3:34am.
Pleasanton, Calif. - Arroyo Video Solutions, a developer of video-on-demand delivery technology, announced on Monday that it has appointed Rick DeGabrielle as president and CEO. Prior to joining Arroyo, DeGabrielle served as vice president of sales and business development for Catena Networks. Pleasanton, Calif.-based Arroyo's technology is currently deployed with cable providers including Comcast and Time Warner Cable.
Infinium Labs Names Former Xbox Exec Kevin Bachus as CEOAuthored by Mark Hefflinger on August 16, 2005 - 9:27am.
Seattle -- Infinium Labs, developer of the long-delayed Phantom video game console, announced on Tuesday that its board of directors has named company president and former Xbox executive Kevin Bachus as its new chief executive. Infinium founder and former CEO Timothy Roberts will continue to serve on the company's board. The company also said it has consolidated its corporate operations from Florida to Seattle, where Bachus has been based. "I intend to move swiftly to assemble the missing pieces needed to bring the Phantom Game Service to market," said Bachus. Infinium Labs has shown prototypes of its broadband PC-based gaming service at the last two Electronic Entertainment Expo video game shows, but has delayed the launch of its product several times since 2003 -- giving it the dubious distinction of being named Wired News' "Vaporware of the Year" for 2004.
CEO Of Cisco Calls Acquisition of Nokia "Extremely Unlikely"Authored by Mark Hefflinger on August 10, 2005 - 10:36am.
San Jose, Calif. -- John Chambers, the CEO of Cisco Systems, downplayed a possible acquisition of Nokia by Cisco, calling such an action "extremely unlikely" and labelling the recent press speculation as "rumours." On Sunday, The Business newspaper in Britain reported that Cisco Systems, the large networking company, was considering an acquisition of Finnish wireless technology company Nokia. However, during interviews on Wednesday, Chambers discounted any possible acquisition, saying Cisco generally acquires small companies with a niche technology. "If I was betting on it, I'd bet against it," Chambers told CNBC.
Shares Plunge As Majesco CEO Resigns, Company Reduces OutlookAuthored by Mark Hefflinger on July 13, 2005 - 10:23am.
Edison, N.J. -- Video game publisher Majesco announced on Wednesday that company chairman and CEO Carl Yankowski has resigned, under a mutual agreement with the company. Majesco's board elected current board member Jim Halpin to chairman, and has commenced a search for a new chief executive. The company also named John Gross as its new chief financial officer. New Jersey-based Majesco additionally lowered its 2005 financial outlook: the company previously expected revenues of $175-$185 million and income of $16-$18 million, but now anticipates revenues of $120-$125 million and an operating loss of $16-$19 million. The company blamed its woes on the bankruptcy of one of its customers; "substantially weaker than expected sales"; the shifting of a movie-related game's release date; lower than expected initial orders and soft reorders; and an exceptionally slow summer. "We are disappointed in our anticipated results for the year," said Majesco president Jesse Sutton. "Our weaker than expected sales and recent discussions with industry partners have led us to conclude that it is prudent to adjust our guidance. Despite the difficult retail environment we are experiencing, we plan to exploit the growing market for video game products and remain focused on producing high-quality games and other digital entertainment products." The company's shares fell nearly 56% on Wednesday.
TiVo Names Former Primedia, NBC Exec Tom Rogers as CEOAuthored by Mark Hefflinger on June 27, 2005 - 8:01am.
Alviso, Calif. -- Filling the vacancy created when TiVo co-founder Mike Ramsay stepped down in January, the maker of digital video recorders announced on Monday that it has named former Primedia and NBC Cable head Tom Rogers as its new CEO. Rogers has served as vice chairman of TiVo's board for nearly two years, and helped negotiate both NBC's investment in TiVo and TiVo's deployment deal with Comcast. Rogers was previously chairman and CEO of Primedia, and before that was president of NBC Cable, where he oversaw the creation of CNBC and MSNBC. "After pioneering the digital video (DVR) category, TiVo is now uniquely positioned to help multi-channel carriers, networks and advertisers grow their businesses in an environment that presents new realities for how TV is watched," said Rogers.
Australian Record Labels Conducted Surveillance on Kazaa CEOAuthored by Mark Hefflinger on May 31, 2005 - 6:07am.
Sydney -- The Australian music industry conducted extensive surveillance on Nikki Hemming, CEO of file-sharing software firm Sharman Networks, in the course of its copyright infringement investigation of the company, ZDNet Australia reported on Tuesday. Michael Speck, of Australia's Music Industry Piracy Investigations, told the court currently hearing a copyright infringement case against Sharman that Hemming was tailed on a "continuous basis," and that her residence was monitored for several months in an effort to determine who actually controlled Kazaa. "She personally wasn't a subject, rather the premises associated with her were. Conducting an investigation into a shadowy organization hiding behind a veil of secrecy and surveillance is a normal practice," Speck told ZDNet Australia.
Former NBC Exec Sassa Resigns As CEO of FriendsterAuthored by Mark Hefflinger on May 25, 2005 - 6:26am.
Los Angeles -- Scott Sassa, the former president of NBC Entertainment who accepted the job of chief executive of social networking site Friendster a little over a year ago, has resigned. "For his own reasons, it's just not a fit for him right now, and he's moving on," Russell Siegelman, a managing partner at Friendster investor Kleiner Perkins Caufield & Byers, told CNET News.com. "It's unfortunate, but the company will move on." Sassa replaced Friendster founder Jonathan Abrams in the CEO post in June 2004, and will be replaced by Taek Kwon, executive vice president for products and technology at Citysearch.
Sony Names Sir Howard Stringer as First Foreign Chairman and CEOAuthored by Mark Hefflinger on March 7, 2005 - 6:52am.
Tokyo -- Japanese electronics and media giant Sony Corporation on Monday appointed its first foreign chairman and chief executive, former CBS executive Sir Howard Stringer, who will replace outgoing company head Nobuyuki Idei. Stringer, who was born in Wales, holds dual British-American citizenship and speaks no Japanese, was previously vice chairman at Sony and CEO of Sony Corp. of America. "As with all great institutions, Sony has built a tremendous legacy over 60 years. But we cannot let that trap us or inhibit us. We need to take that legacy and reinvent it," Stringer said. "The dynamics and competitive landscape have changed. The pace of innovation across all the businesses in which we compete has changed. So Sony too must change." Sony also announced that company president Kunitake Ando will step down, to be replaced by Ryoji Chubachi, an executive with Sony Electronics.
Online Magazine Salon.com Gets New CEO, Editor in ChiefAuthored by Mark Hefflinger on February 10, 2005 - 2:43am.
San Francisco -- Salon Media Group, the publisher of online magazine Salon.com, announced on Thursday that founder, CEO and editor in chief David Talbot has stepped down from his positions. The company named Salon president and CFO Elizabeth Hambrecht to succeed Talbot as CEO, and Joan Walsh, former senior vice president of editorial operations, as the publication's new editor in chief. Talbot will retain his role as chairman of the board, and said he plans to work on a book about John and Robert Kennedy. "It's an excellent time for me to move into a new role," said Talbot. "Betsy and Joan have been part of the leadership team that brought Salon new fiscal and editorial life, and I'm proud to be able to leave Salon in their hands." The company also reported its first-ever profit of $400,000 for its third quarter ended Dec. 31, compared to a loss of $400,000 during the same period a year earlier. Salon reported 89,100 paying subscribers to its premium service, compared to the 73,700 it counted a year ago, and said advertising revenues increased 124% to $1.3 million.
Hollywood Entertainment CEO Quits Amid Bidding War for CompanyAuthored by Mark Hefflinger on February 3, 2005 - 3:28am.
Portland, Ore. -- Hollywood Entertainment, which owns the Hollywood Video chain of movie rental stores, announced on Thursday the resignation of chairman and CEO Mark Wattles, amid a bidding war for the company between rivals Blockbuster and Movie Gallery. Hollywood appointed company president F. Bruce Giesbrecht to the additional role of CEO, but did not name a new chairman of the board. Separately, Blockbuster announced that it has upped its bid from an initial offer of $11.50 per share for Hollywood, adding $3 in Blockbuster shares for a total bid of $14.50 per share, or $991.6 million. Alabama-based Movie Gallery, the nation's third-largest video rental chain, has also bid $13.25 per share for Hollywood, and said on Thursday that it remains confident that its offer has a better chance of passing antitrust muster than does Blockbuster's bid. Hollywood said it is still considering Blockbuster's bid, and advised shareholders not to act until it issues an opinion on the best course of action, expected to come on or before Feb. 17.
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