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Posts Tagged ‘Greg Coleman’

Greg Coleman Talks BuzzFeed

Greg Coleman, the new president of BuzzFeed, has an interesting way of talking about the company. In an interview with USA Today, Coleman described BuzzFeed as a rocket ship and said he was happy to be part of the “Huffington Post mafia,” which makes us wonder if he knows what “mafia” means.

Coleman explained that for now, he’s just trying to get up to speed. “I’m meeting, learning, listening,” Coleman said. “In the next couple of months, I’m gonna be catching up to the rocket ship, getting into the rocket ship. Then once I catch up, I’ll figure out how to add the value the team here wants me to add.” We hope he brought his space suit.

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Morning Media Newsfeed: Murdoch Withdraws Time Warner Bid | New Leaker Emerges

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After Pushback, Murdoch Abandons Fox’s Pursuit of Time Warner (NYT / DealBook)
At 4:07 p.m. Tuesday, the chief executive of Time Warner Inc., Jeffrey L. Bewkes, received an unexpected email. “On behalf of our board and senior management team, I am writing to inform you that we are withdrawing our offer to acquire Time Warner, effective immediately. Sincerely, Rupert Murdoch.” A hand-delivered letter bearing the same message arrived soon after. TVNewser In short, Murdoch’s 21st Century Fox withdrew its bid for Time Warner, CNN’s parent company. FishbowlNY Early last month, word leaked that Murdoch’s bid of $80 billion was rejected, which raised speculation that he’d try everything in his power to make it happen. Instead, the opposite has occurred. Politico / Dylan Byers on Media Subsequent reports speculated that Murdoch, dogged in his pursuit of an acquisition, would consider upping the offer by as much as $13.5 billion. Had such a deal gone through, it would have merged the country’s top-two cable providers, giving Murdoch control of several top-rated cable networks, including TNT, Fox News, TBS and Cartoon Network. WSJ Fox cited both Time Warner’s unwillingness to “engage with us” and a sharp drop in Fox’s stock price which made a deal “unattractive to Fox shareholders.” Fox’s stock had fallen about 11 percent since news broke last month that it had made a takeover offer for Time Warner, valued at $85 a share.

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Greg Coleman Named President of BuzzFeed

BuzzFeedLogoGreg Coleman, former president of The Huffington Post, has been named the new president of BuzzFeed. Coleman most recently served as president of the advertising tech company Criteo. Coleman will also hold a seat on BuzzFeed’s board.

“Social, content-driven advertising has really come of age in the last three years, and Greg joining us validates that enormous shift,” said Jonah Peretti, BuzzFeed’s founder and CEO, in a statement. “Greg helped transform industries at Huffington Post and Criteo and now will scale social advertising globally as it becomes an essential part of every major brand’s marketing strategy.”

Coleman is succeeding Jon Steinberg, who recently joined Mail Online.

Names Emerge in The Hunt for Next Time Inc. CEO

Forgive us if you’ve heard this before, but… Rumors are circulating about who will be the next Time Inc. CEO. According to The New York Post, Jeff Bewkes — CEO of Time Warner — wants to find a replacement for Laura Lang before summer begins, and so some names have been floated:

Please bookmark this post so we don’t have to write a “Rumors of new Time Inc. CEO” post again in about a year.

BuzzFeed Raises $15.5 Million

BuzzFeed keeps growing. After making a statement by appointing Politico’s Ben Smith as editor-in-chief, TechCrunch reports that the news aggregator raised $15.5 million in financing from New Enterprise Associates (NEA), Lerer Ventures, Hearst Media, Softbank and RRE Capital.

It’s also beefing up its board by adding Patrick Kerins, general partner at NEA, bringing on former Huffington Post president Greg Coleman as an adviser and promoting Ken Lerer, co-founder of Huffington Post, to executive chairman.

Regarding the site’s direction, BuzzFeed founder Jonah Peretti told TechCrunch, “The biggest shift for us is refocusing under Ben [Smith] as an organization that does real reporting and original content.”

Top Six Reasons Why Arianna Huffington Will Be AOL’s Undoing

Jeff Bercovici at Forbes wrote a significant takedown of Arianna Huffington and AOL following its merger with Huffington Post. While the piece was generally complimentary toward AOL’s Tim Armstrong, the theme was that his decision to take on Huffington could be AOL’s undoing. Here are the top six reasons from the article why things for AOL seem doomed with Huffington at the helm.

1. Huffington forced the AOL buyout: “Other partners wanted an IPO rather than building up the company to be acquired by another media company… In effect, she subverted the wishes of the board. The deal was in no small part her doing, and she did not intend to pass it up.”

2. Huffington might not be that important: Tim Armstrong “may have overestimated Huffington’s importance to the operation.”

3. Huffington is expensive: “Huffington has been on an extravagant hiring binge for months, sweeping up journalists from the New York Times, USA Today, Forbes, and elsewhere with some extraordinary pay packages, at least by the standards of journalism.”

4. Huffington fired a lot of good people: “To make room for HuffPo transplants, AOL laid off most of its writers and editors as part of a 900-person workforce reduction after the merger was finalized in early March… Many new HuffPo hires simply replaced equally pedigreed reporters and editors AOL brought in two years ago in its last big original-content push.”

5. Huffington has taken on more than she can chew: Counting Patch’s 800-plus editors, she now has around 1,300 full-time journalists working for her. “Arianna’s a world-class politician, a world-class media maven and a genius at p.r., but she’s not an experienced manager,” says Greg Coleman, HuffPo’s former chief revenue officer.

6. Things at AOL aren’t going that well either: Patch, AOL’s network of 800-plus local news websites that Armstrong helped to found and then had AOL acquire in 2009, is blowing through $40 million a quarter without generating meaningful revenue.

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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Huffington Post’s Traffic More Than Doubles Year Over Year

huffpologo.jpgIn December 2009, the Huffington Post saw unique visitors climb more than 150 percent from the year before, and without the help of an election to drive readers to the site as well known for its political bloggers as for its broad aggregation.

According to ComScore data released last week, HuffPo had 9.8 million unique visitors last month, compared to 3.8 million in December 2008. This increase could be attributed in part to the site’s launch of a number of new verticals, including HuffPost Sports, which debuted in November. (That month drew 7.9 million unique visitors.)

With numbers like this, the site is quickly climbing past other newspapers’ sites.”It simply validates what we do and reaffirms our goal to become America’s online newspaper,” the Huffington Post’s president Greg Coleman told FishbowlNY.

Coleman, who took over the newly created post in September, said reaction to the numbers internally and among advertisers and marketers has been “through the roof.”

“When I joined, I didn’t know that our numbers were going to shoot up like a rocket,” he added. “When I started, our unique visitors were at about 6.8 million, and now 9.8 million is starting to get right up there, solidly ahead of The Washington Post and the Los Angeles Times and Wall Street Journal, and getting close to The New York Times.”

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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