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Posts Tagged ‘Eric Hippeau’

AOL Purchases The Huffington Post

How much does it cost to purchase one of the highest trafficked content aggregating blogs in the nation?  Apparently a $315 million price tag was a good deal for AOL CEO Tim Armstrong as his company acquired The Huffington Post in an effort to better develop their content.  AOL has appointed Arianna Huffington as president and editor-in-chief of their newest asset — Huffington Post Media Group — and placed her in charge of properties including TechCrunch, Moviefone, and Mapquest.

The AOL-HuffPost deal will likely spell the end for AOL news sites such as Politics Daily and Daily Finance and also led to the resignation of Huffington Post CEO Eric Hippeau.

The new slogan for AOL and HuffPo is “1 + 1 = 11″ — an equation that is meant to portray that the sum of the two entities is greater than their parts.

UPDATE:  Arianna Huffington is rumored to have personally netted around $100 million from the deal with AOL.

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Lunch: Harold Ford, Jr., Ken Starr, and a Slew of Fashionable Folks

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— DIANE CLEHANE

There was definitely something in the air (besides all that pesky pollen) at Michael’s today. The dining room was so jam packed with every conceivable type of boldfaced name I could barely keep track of all the wheeling and dealing that was going on around me. While the fashionistas and socialites traded air kisses and picked at the salads, the media mavens were spinning like there was no tomorrow. The power lunch is back, folks, so break away from your desk and go make something happen.

Here’s the rundown on today’s crowd:

1. Jack Myers, presiding over a table of movers and shakers: Huffington Post’s Greg Coleman, Eric Hippeau and Phil Cara; Colgate’s Jack Haber, Pattie Glod of Limited Brands; and E*Trade’s Nick Utton.

2. Peter Brown and Dan Scheffey, who joins Fairchild Fashion Group on May 10 as the new director of communications for the trade and business sector of Conde Nast. Dan tells me he’ll be working on all the titles including WWD and WWD.com. He reports to president Gina Sanders. Congrats!

3. ‘Mayor’ Joe Armstrong with Vanity Fair’s Wayne Lawson and Punch Hutton and a chic blonde gal we didn’t get to me. Joe, fresh off another trip to his home state of Texas was all jazzed up to tell the group about the The Harry Ransom Center at The University of Texas. (He’s on the board.) Joe reports that the center has acquired an impressive array of archives of literary legends including Norman Mailer, Tennessee Williams, Evelyn Waugh, and even Bob Woodward and Carl Bernstein. Joe also reports that none other than Robert De Niro has given the center his script archive and actually footed the bill for two 18-wheelers to deliver the costumes he’s worn in his films. So, the next time you’re in Austin, you might want to check it out.

4. Sean Cassidy — no, not the eighties pop icon — this fellow works for Dan Klores.

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Lunch: Tim Gunn Talks ‘Age Appropriate Fashion’ with Grace Mirabella

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— DIANE CLEHANE

If we’d come by on Monday, we would have run into Tyra Banks at breakfast and Harold Ford, Jr. at lunch. Oh, well. Michael’s was still brimming with plenty of the usual suspects today, and more than a few did a double take when Tim Gunn arrived with legendary editor Grace Mirabella on his arm.

When Project Runway‘s unflappable designer mentor sat down with the former Vogue editor, I wasn’t surprised to overhear their conversation turn immediately to fashion. Tim was all ears when asking Ms. Mirabella (whose namesake magazine remains one of my all-time favorites) about her thoughts on age-appropriate looks for everything from jeans to evening wear. Gathering intelligence for all those fledgling fashionistas, no doubt.

Here’s the rundown on today’s crowd:

1. Jack Myers of Jack Myers Media Advisory Group, presiding over a table of social media gurus: Huffington Post’s CEO Eric Hippeau, president Greg Coleman and senior vice president Phil Cara with Stephen Cannon of Mercedes Benz, Virgin Mobile’s Stacy Schwartz and Tom Cuniff of Combe Inc.

2. Peter Brown and John Reid

3. Producer John Hart (long time, no see!) with another distinguished looking white-haired gent

4. My good friend and publicist extraordinaire Catherine Saxton and Richard Smullen, co-founder and CEO of AdGenesis, beezag, and koppr. Catherine tells me she’s jetting off in a few days to Marabella to visit with “some Khashoggis.” Send us a postcard!

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FishbowlNY’s 2009 Lists: The Year’s Biggest Moves In Media

door.jpgThis year — full of flux and uncertainty about where the media is heading — has resulted in a vast number of job changes and departures across all matter of media companies and publications. In almost every field of journalism, big names have either been fired, promoted, retired, or simply moved on to more lucrative positions. Here, we take a look back at the biggest industry shakeups of 2009.

The Biggest Move in Magazines: Stephen Adler leaving BusinessWeek.
When editor Stephen Adler announced his departure from BusinessWeek this October following the magazine’s sale to Bloomberg LP, he wasn’t just making a statement, he was starting a trend. Soon he was followed by some of his former colleagues, like John Byrne and BusinessWeek‘s president Keith Fox, who decided to stay with magazine’s original parent, McGraw-Hill. (Not to mention all of those who involuntarily left the pub not long after.) It takes a lot of chutzpah to up and quit your editor gig in the middle of this turbulent media landscape, it takes even more to get your coworkers to come with you. Fortunately for Adler, he’s already landed another gig at Thomson Reuters.

Runners Up: Time.com managing editor Josh Tyrangiel comes on board as editor at Businessweek; Marie Claire‘s publisher Susan Plagemann joins Vogue; Nancy Berger Cardone of shuttered Gourmet takes Plagemann’s spot at Marie Claire; Janice Min leaves Us Weekly; Mariette DiChristina becomes Scientific American‘s first female editor-in-chief.

More after the jump

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UGCX Coverage|AP Amends Fairey Countersuit|Conde Launches New iPhone App|HuffPost CEO Hippeau

WebNewser, PRNewser: Some coverage of mediabistro.com’s user-generated focused conference UGCX today: Peter Shankman, the founder of Help A Reporter Out, spoke about how he plans to expand his company and I Can Haz Cheezburger’s CEO Ben Huh revealed his company’s mission statement: “Make people happy for five minutes a day.”

Associated Press: The Associated Press amended its countersuit against Shepard Fairey after the artist admitted he had lied about which AP photo he used for his iconic Barack Obama HOPE posters.

AdAge: Condé Nast has released a new iPhone app platform for reading its magazines, starting with GQ.

PaidContent: An interview with Huffington Post CEO Eric Hippeau.

HuffPost Appoints New President And CRO

Just a few months after naming Eric Hippeau CEO, The Huffington Post today announced a new executive appointment.

Greg Coleman, former executive vice president of global sales at Yahoo!, has been picked to succeed James Smith as chief revenue officer at HuffPo. Coleman will also be taking on the role of president for the online publication.

Most recently, Coleman served as president of Platform-A, AOL‘s advertising business. Before that he worked as president and CEO of the start-up NetSeer and served as EVP of global sales at Yahoo!. He also previously worked as senior vice president at Reader’s Digest Association, was the founding publisher of Memories magazine and headed up advertising efforts at Woman’s Day.

Currently, Coleman is an adjunct professor at The McDonough School of Business at Georgetown University, his alma mater, and sits on the board of the Advertising Council, where he formerly held the post of chairman.

Hippeau, managing partner of venture capital firm SoftBank Capital and HuffPost board member, was named CEO in June, replacing Betsy Morgan, who left the company and vacated her seat on the board.

Earlier: Updated: Huffington Post Gets New CEO

Former HuffPo CEO On Departure: “Bummer”

morgan.pngOn Monday, the Huffington Post announced that it had named a new CEO, longtime board member and venture capitalist Eric Hippeau. Current CEO Betsy Morgan, who joined the online publication in October 2007 from CBSNews.com, would be stepping down and relinquishing her own spot on the HuffPo board, the company reported.

When we spoke to HuffPo founder and namesake Arianna Huffington later that day, she told us the move had been in the works for awhile and that the split was amicable. Morgan, on the other hand, told Fortune‘s Patricia Sellers that “her firing came as a surprise to her.”

“Bummer,” Morgan told Sellers, although she made a point to say that she was not bitter about her dismissal. Morgan is also unsure what she’s going to do next. “My biggest question is do I help fix an old media business or do I help grow a new one?” she said.

Meanwhile, The New York Observer has an interview today with new CEO Hippeau, who has been tasked with the job of turning a profit at HuffPo. Traffic and ad revenues grew tremendously under Morgan, but the company has get to make a profit.

“I don’t think we really need to fix very much,” Hippeau told the Observer. “I think the Huffington Post is doing quite well, and you can tell that by the metrics. I’m not here to fix it; I’m here to grow it.”

Earlier: Updated: Huffington Post Gets New CEO

Updated: Huffington Post Gets New CEO

hippeau.pngEric Hippeau, managing partner of venture capital firm SoftBank Capital, has been named CEO of The Huffington Post. Hippeau, a HuffPo board member, is taking over for Betsy Morgan, who joined the online pub in October 2007 from CBSNews.com. She is leaving the company and vacating her spot on the board, the company said.

Hippeau was formerly the CEO of Ziff-Davis, where he led the company’s online initiatives including growing the ZDnet brand. SoftBank acquired Ziff-Davis in 1995 and Hippeau stayed in his role until 2000 when the company was sold. At SoftBank, he helped secure Series-A financing for the HuffPo in 2006, becoming an early investor.

Under Morgan’s leadership, the Huffington Post has grown rapidly and co-founders Arianna Huffington and Kenneth Lerer had nothing but good things to say about her.

Update: Huffington spoke to FishbowlNY and told us that the decision to appoint Hippeau was not a last minute move for the company, but rather something that had been in the works for awhile.

“Betsy has been a great CEO, and we owe our recent successes to her leadership — our six-fold increase in traffic, the doubling of our ad revenue,” Huffington said. “But we want to explore all the possibilities for expansion and for acquisitions, and we need the additional firepower of someone with Eric’s experience.”

Although Hippeau has been working closely with the Huffington Post for several years — thanks to his position on the small, four-person board — Huffington said she never thought he would “want to leave the life of a venture capitalist and join us in a full time role.” And, because he has been working with the company for quite some time, he can “hit the road running,” Huffington said. “He doesn’t have a learning curve.”

Full release after the jump

Earlier: New CEO For HuffPo

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