Ousted by Disney. Now about to ousted by Yahoo!. Lloyd Braun can’t catch a break. According to the Wall Street Journal, the Terry Semel-topped Internet company will announce tomorrow an expanded role for financial chief Susan Decker as Yahoo! grapples with slowing revenue growth, a falling share price and dissent in its ranks. One of the victims of the reorganization will be media-group head Braun. But the soon-to-be-retired Semel stays as chairman/CEO — for now. It was back on November 2004 that Yahoo! announced Braun’s appointment in a great gig as head of Yahoo!’s media and entertainment division, which included Yahoo!’s movies, TV, entertainment, music, games, finance, news and weather, sports, health and kids businesses. Braun was based in Santa Monica, reporting to chief operating officer, Dan Rosensweig, who’s also being swept away. Braun is best known to Hollywood as the ex-chairman of Disney’s ABC Entertainment Television Group from January 2002 until April 2004. Note to Hollywoodites: these Internet guys are like the Wallendas: they may soar above the skies for a short time, but then they take big nosedives.
Lloyd Braun To Go Bye-Bye From Yahoo!
What's Hot on Deadline
Jared Kushner Repeats "I Did Not Collude" Doctrine In Rare Public Speech After Meeting With Senate Intel Staff