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Revolving Door Newsletter: 06.16.09
HuffPo Names New CEO; Kushner Buys IAC NewsletterJune 16, 2009
In a surprise move, Betsy Morgan is out as the CEO of The Huffington Post, replaced by former Ziff Davis head and current managing partner of SoftBank Capital, Eric Hippeau. Morgan, who joined the online news aggregator in October 2007 from CBSNews.com, doubled advertising revenue during her time at HuffPo, but the new boss will look to increase incoming dollars even more. Hippeau, who will resign from his position at SoftBank to take the new job, was on HuffPo's board, a slot granted to the VC firm because of its $5 million investment during the site's first round ...