It's official: Betsy Morgan says she was indeed pushed out as the ineffectual CEO of the Huffington Post. But to what end? The new regime is downplaying profitability in favor of revenue growth — the ideal ramp for a sale.
It's a bold new future at the Huffington Post: investors have installed their own CEO; a CBS producer will launch a Gotham edition next month. Nevertheless, insiders are murmuring about belt-tightening, starting at the top.
As the Huffington Post bulks up, the company is apparently changing management: CEO Betsy Morgan is on her way out, replaced by Eric Hippeau of investor SoftBank Capital, PaidContent reports.
• The curse of Gisele: Both Vanity Fair and Harper's Bazaar put supermodel Gisele Bundchen on the covers of their mags this year, and both have turned out to be their worst-selling issues thus far in 2009. [NYO]
• Can Forbes survive the downturn? The Forbes family thinks so. [NYT]
• Jared Kushner's New York Observer…
There's some kerfuffle about the voting in Yahoo's board election — something to do with whether some large investor voted or not. We don't care! What really pleases us is that the four board members we suggested get the boot — Roy Bostock, Art Kern, Ron Burkle, and Gary Wilson — scored the lowest in the vote.
Yahoo CEO Jerry Yang has lost control of the Yahoo board. New Yahoo chairman Roy Bostock and billionaire Ron Burkle now lead a majority contingent which worries CEO Jerry Yang has let his emotions override his duty to shareholders in the face of Microsoft's takeover attempt. Support for Yang's efforts to resist…
