Uber co-founder Travis Kalanick announced his plans to take a leave of absence as chief exec while the company works to salvage its brand and launches a reorganization that includes closer supervision by its board of directors. “At a packed meeting with employees on Tuesday morning,” reports The New York Times, “Uber released 13 pages of recommendations compiled as part of an investigation into sexual harassment and other wrongdoing conducted by the former attorney general Eric H. Holder Jr. and his law firm, Covington & Burlington.” Continue reading Uber CEO Steps Away as Company Initiates Major Changes

In his keynote address at CES 2017, Under Armour founder/chief executive Kevin Plank had a long wind-up to the afternoon’s highlight: multiple gold-medal Olympian Michael Phelps on stage, encouraging everyone in the auditorium to get up and “Jump Around” to the infectious beat of the House of Pain anthem. Phelps was doing more than dancing. All it takes is six jumps for him to activate his brand new Under Armour shoes, connected to the company’s MyFitnessPal app as of February 1. The company also introduced a new focus on sleep. Continue reading Under Armour Collects Data for Smart Shoes, Digital Pajamas

New media companies that attracted an entire demographic away from traditional television are making a counterintuitive move by producing TV programs, often in partnership with networks and other Hollywood players. BuzzFeed, Vice Media and Huffington Post are among the companies now inking deals with HBO, A+E Networks, Comcast’s Universal Studios and Hearst Television. One big reason why is that new media purveyors have to meet expectations of sky-high valuations, and TV is a more predictable revenue stream than online video. Continue reading New Media Companies Lured to TV by Revenue Opportunities

The Huffington Post announced plans to expand its video capabilities with a new 24-hour online video network called HuffPost 24. The announcement arrived just days after Verizon closed its $4.4 billion acquisition of Huffington Post parent company AOL. The network’s range of programming will be made available via apps, the HuffPost website, OTT platforms and as VOD. HuffPost Films and HuffPost TV divisions will also be established to produce content for the new network and beyond. Video GM Nathan Brown is currently hiring as part of the the new initiatives. Continue reading HuffPost Announces Online Video Network, Film and TV Units