Scott Thompson had only been Yahoo's CEO for four months, and now he's out. All because his résumé embellished his college degree.

Rupert Murdoch's media empire continues its turmoil after the announcement of COO Peter Chernin's departure. The newest player: Former AOL CEO Jon Miller, who's widely expected to take the top digital job there.

Velocity Interactive Group, the venture-capital vehicle of former Fox Interactive CEO Ross Levinsohn and ex-AOL chief Jon Miller, has yet to raise a $250 million fund insiders say they've been seeking for six months and counting. Which is curious. Levinsohn and Miller tried to raise money on their own, but decided…

If corporate raider Carl Icahn ever had any hope of convincing major Yahoo shareholders like Legg Mason's Bill Miller to back his alternative slate against the Yahoo board in a proxy fight, he needed a plan B in case a sale to Microsoft didn't work out. As Kara Swisher puts it, he needed "a solid management team and…

Yahoo shares are almost below $20 in morning trading and as the company approaches its August 1 annual meeting, Yahoo's directors have finally begun to fear for their jobs and their reputations. They're negotiating with Yahoo's major shareholders and, along with agreeing to renew talks with Microsoft and approach…

Former Fox Interactive exec turned venture capitalist Ross Levinsohn only needs to finish the paperwork to become the biggest name on Microsoft's list of 10 nominees to replace Yahoo's board, TechCrunch reports and BoomTown confirms. The high-profile rubber-stamping position should suit Levinsohn's ego just fine.

Venture capitalists sell themselves as friends to entrepreneurs, and talk about how they're going into business together. Isn't it useful to know how they treat the people they're actually in business with? The tale of the formation of Velocity Interactive Group is instructive in that regard. Former AOL CEO Jonathan…

Jonathan Miller, the man who was ungracefully booted as AOL CEO, and Ross Levinsohn, the former Fox Interactive Media chief who was never quite as in charge of MySpace as he would have liked, will form a new group at VC firm ComVentures, SAI reports. They're callng it Velocity Interactive Group. The pair plan to…

Fox Interactive head (and MySpace buyer for News Corp) Ross Levinsohn (pictured) on Brad Greenspan, the former MySpace founder who's sued MySpace for allegedly lying about its value to investors, and Fox for allegedly censoring him:

Fox Interactive Media is primed to go public. There's no word yet on parent company News Corp's plans for FIM, but all its ducks are in a row:

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