Business

Yahoo hires former News Corp. exec to fill void

Posted October 26, 2010 11:00 pm

Associated Press

SAN FRANCISCO — Yahoo has hired a former executive at one of the world's largest media companies to fill a major void on its management team.

Ross Levinsohn is joining Yahoo Inc. as an executive vice president in charge the company's advertising sales, media division and partnerships in North America, Central America and South America.

He replaces Hilary Schneider, who announced her resignation last month along with two other top executives. The defections raised doubts about Yahoo CEO Carol Bartz's efforts to revive the company's revenue growth.

Levinsohn is best known for leading an Internet expansion at News Corp., owner of the 20th Century Fox movie studio, Fox television network and The Wall Street Journal. He started an investment fund after leaving News Corp. in 2006.

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