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Media & Comm management moves through March 30


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Media & Comm management moves through March 30

Media industry moves

*Private equity firm Warburg Pincus appointedJay Nadler executive-in-residence in its technology, media andtelecommunications, and industrial and business services groups. Nadler willwork with the PE firm to explore investment opportunities in informationservices, software and technology-enabled services, according to a March 30news release.

*Match Group Inc.'sTinder Inc.acquired SanFrancisco-based contact management startup Humin. Humin leadership and many members of the team will work forTinder on an ongoing basis. Humin co-founders Ankur Jain and David Wyler willbecome Tinder's vice presidents of product and partnerships, respectively, according to a March 29 newsrelease. Match Group is a unit of IAC/InterActiveCorp.

*Pandora Media Inc.'sboard tapped companyfounder Tim Westergren to be CEO of the music discovery platform, according toa March 28 news release. Westergren will replace Brian McAndrews, who isleaving the company. Pandora also introduced a new management structure as partof its efforts to accelerate the company's growth strategy. Mike Herring,Pandora's president and CFO, will drive monetization of Pandora's core businesscovering revenue, music licensing, finance, legal and information technology,the company said March 28. Herring will also continue to focus on drivingefficiencies and expanding margins. The company's COO Sara Clemens, meanwhile,will focus on growing and scaling the business and operating new ventures. Herresponsibilities include music makers, Ticketfly, international, humanresources and corporate development. Pandora's Chief Product Officer ChrisPhillips will be overseeing product, engineering and marketing.

*Tribune Publishing Co.'sboard tapped TerryJimenez to be the company's executive vice president and CFO, effective April4. Sandra Martin, the company's current executive vice president and CFO, willstop serving in those capacities the same day. She will leave the company onApril 15, according to a Form 8-K filed March 28.

* AlJazeera is laying offoff 500 staffers, affecting about 10% of its total workforce, The Wall Street Journal reported March27, citing a statement by acting general director Mostefa Souag. Most of thejob cuts will affect employees at the Qatari broadcaster's headquarters inDoha. Souag reportedly said the company is cutting jobs due to the changingglobal media landscape. Al Jazeera, which has 4,500 employees globally, is alsoshutting down Al JazeeraAmerica (US).

*EVINE Live Inc.terminated theemployment of Penny Burnett, the company's senior vice president and chiefmerchandising officer, effective March 17. The move was as a result of theelimination of the post in which Burnett was serving, according to a Form 8-Kfiled March 23.

Communications industry moves

*Cloud service provider FusionTelecommunications International Inc. a definitive agreement to acquireTechnology for Business Corp., a California-based provider of contact centerservices. Under the deal, Fusion will acquire the intellectual property andassets of Technology for Business, with Charles Cuggino, TFB's CEO, and WillJones, TFB's vice president of sales, joining Fusion to lead its contact centerbusiness, according to a March 28 news release. TFB's software development teamwill also join Fusion.