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Posts Tagged ‘Stuart Goldfarb’

Carmelo Anthony Launches Startup Investment Fund

ShutterstockCarmeloAnthonyThe fund is called M7 Tech Partners, a nod to Melo’s number seven New York Knicks jersey, and partners the NBA All-Star with former NBC executive vice president Stuart Goldfarb. From Lora Kolodny‘s Wall Street Journal item:

Along with the announcement about their seed fund formation, M7 Tech Partners revealed that it has made an investment in Hullabalu Inc. The New York startup, founded by Suzanne Xie, creates kids’ story apps for the iPad, according to a press statement.

Other investors in Hullabalu include SV Angel, Gary Vaynerchuk, Gokul Rajaram and Alexis Ohanian, the co-founder of Reddit.

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Playboy Eyes New CEO

flanders.pngHas Playboy Enterprises finally found someone to permanently take the reins of the faltering company?

The Wall Street Journal has reported that the adult entertainment company is most likely going to offer its top spot to Scott Flanders, president and CEO of Irvine, Calif-based media company Freedom Communications.

Since Hef‘s daughter Christine Hefner stepped down as CEO of Playboy in December the company has been under the guidance of board member Jerome Kern. But even radical changes to the print model announced by Kern last month couldn’t stem rumors that Playboy was looking for a buyer. (Last week, Virgin Group denied rumors that Richard Branson was in talks to buy Playboy.) The company, which cut 80 jobs in October, has been struggling this year, reporting print and digital revenue declines in the first quarter and predicting additional drops for Q2.

Perhaps bringing in an outsider like Flanders could be exactly the kind of infusion the company needs to survive, although even WSJ was quick to point out the possible deal may fall through. Flanders formerly served as chairman and CEO of mail order music retailer Columbia House, where he helped terminate a merger of the company and CDNow that had been in the works when he came on board in 1999. In 2005, BMG bought Columbia House and Stuart Goldfarb, then president and CEO of BMG Direct, took over leadership of the acquired company. Flanders was appointed to the top spot at Freedom in January 2006.