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Arianna Huffington departs Huffington Post for wellness startup

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Photographed on the roof of the Huffington Post's Grenwich Village Office NYC

Photographed on the roof of the Huffington Post’s Grenwich Village Office NYC

SAN FRANCISCO (Diya TV) — Arianna Huffington, co-founder and Editor-In-Chief at the Huffington Post, announced Thursday that she will be stepping down from her post to focus on a new wellness startup called Thrive Global.

She announced the news via her official Twitter account Thursday morning:

Thrive Global shares the same name as Huffington’s first self-help book, Thrive: The Third Metric to Redefining Success and Creating a Life of Well-Being, Wisdom, and Wonder. It’s main focus will be on helping people prioritize and get the most out of their sleeping patterns. Huffington’s own newest startup, which just received an undisclosed amount of Series A funding, focuses on similar principles — according to a press release, Thrive will use seminars, coaching and other methods of support to provide its users with micro-steps toward wellness, meant to decrease stress and exhaustion.

“Thrive Global’s mission is to change the way we work and live by ending the collective delusion that burnout is a necessary price for success,” the release said.

The Series A round was led by Lerer Hippeau Ventures, the same firm founded by Huffington Post’s other co-founder, Ken Lerer and former HuffPost chief executive Eric Hippeau. Blue Pool Capital, Greycroft Partners, Advancit Capital, Female Founders Fund, Zoë Baird, Nicolas Berggruen, Joanna Coles, Ray Dalio, Mohamed El-Erian, Nick Green, Gunnar Lovelace, Fred Harman, Isabella Huffington, Andre Iguodala, and Sean Parker also participated in the round.

Thrive Global has planned to launch in November, immediately following the month’s national general election.

Here’s what Tim Armstrong, AOL CEO, had to say about the transition in a memo to employees:

AOLers –

Our core DNA of unleashing the world’s best builders of culture and code is happening again today. After an unprecedented partnership over the last five years that took The Huffington Post from a U.S. blog site to a global media powerhouse, Arianna is following her passion to devote herself full-time to her new venture, Thrive Global. The Huffington Post will continue its push to become the #1 global leader in news and information and the leadership of The Huffington Post is prepared to take the mission to the next level.

Arianna is an undisputed new media pioneer, and The Huffington Post is nothing short of an iconic brand. We want to thank Arianna for her entrepreneurial spirit, vision and leadership in helping to build The Huffington Post into the successful and thriving news platform it is today. We know she will bring the same passion to Thrive Global and we believe that Thrive Global will help transform the wellness industry.

The Huffington Post has been working on a next generation strategy over the last few months and the CEO of The Huffington Post, Jared Grusd, will lead the implementation and communication of that plan, which focuses on scaling news and video on an even more global basis. We have formed an interim editorial committee (Ryan Grim, Liz Heron, Katie Nelson, Kate Palmer, and Whitney Snyder) that will be stepping in to fill Arianna’s role and they will be involved in an ongoing search for a new Editor-in-Chief of The Huffington Post. We know that our exceptional team will continue to deliver the powerful reporting, writing and analysis that draw more than 178M people worldwide to visit The Huffington Post on a daily basis.

The Huffington Post is a critical pillar of our strategy and is only becoming more important with our recent moves into AR/VR with RYOT. As the connected world expands and the global need for news and information expands, The Huffington Post is well positioned to be a leader for decades to come.

We will have a proper celebration for Arianna before she leaves to change the world again – and we will continue the mission and innovation of The Huffington Post with our incredible team. Let’s make news – TA

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Former MGM executive Roma Khanna named Revolt TV’s next CEO

Former MGM executive Roma Khanna named Revolt TV’s next CEO

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Roma Khanna

Sean Combs Announces Roma Khanna CEO of Revolt TV

LOS ANGELES (Diya TV) — Sean Combs has announced Roma Khanna the CEO of Revolt TV.

“As Revolt continues to grow as a brand and expand globally, I knew we needed a seasoned executive with a proven track record to keep the momentum going and help me lead the network into the future,” said Combs. “Roma is that person. She has the experience and tenacity to build on Revolt’s success and as we continue to influence content and culture around the world.”

“After decades of building large-scale businesses in TV and media, I am excited to have the opportunity to work alongside visionary Sean Combs to get hands-on and redefine content models with a view to building a modern, relevant, global cultural brand,” said Khanna. “Revolt is ready to create and curate content and super-serve its audience on its own TV platform and beyond, living and breathing with its audience wherever they might be.”

Revolt says the company’s mission is to build on its platform to offer long- and short-form content revolving around hip-hop music and culture. According to Revolt’s website, “REVOLT is focused on expertly curating the best of the best in music and engaging youth in social conversation – on-air, on-line, on-demand. The multi-genre, multi-platform network offers breaking music news, videos, artist interviews, exclusive performances, and original programming.”

Revolt claims to have over 50 million young adult consumers through television, digital properties, social and mobile. REVOLT is accessible 24/7 – anytime, anywhere, any screen.

Khanna left MGM, where she served as president, in late 2015. She helped launch FX’s “Fargo” and History’s “Vikings.” She spent three years as president of global networks for NBC Universal’s international networks wing. She also oversaw the development of Hulu hit “Handmaid’s Tale.”

Revolt had been without a CEO for a year, since Keith Clinkscales left the company last August. Revolt launched as a linear channel in the U.S. in October 2013 and has since expanded to Africa and the Caribbean.

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Indian American Physician Vas Narasimhan Named CEO of Novartis

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Vas Narasimhan

Indian American Physician Vas Narasimhan Named CEO of Novartis

WASHINGTON (Diya TV) — Switzerland-based biotech giant Novartis says Indian American physician Vas Narasimhan will take reins as CEO on Feb. 1.

The 41-year-old Narasimhan joined Novartis in 2005. He currently serves as the company’s Global Head of Drug Development and Chief Medical Officer. He is also a member of Novartis’ Executive Committee.

“Both from a professional and a personal perspective, this is the right moment to hand the leadership reins of the company to Vas,” said current Novartis CEO Joseph Jimenez. “Our strong pipeline and the strategic moves we have taken to focus the company have put Novartis on a strong path for the future. On the personal side, after 10 wonderful years in Switzerland, my family is ready to return to Silicon Valley and the U.S. I’m confident that Vas will be an excellent successor.”

Joerg Reinhardt, chairman of the Novartis board of directors, said the company anticipates “a smooth transition, as Joe built a strong leadership team and mentored his successor.”

Narasimhan graduated from Harvard Medical School. He also has a master’s in public policy from the university’s John F. Kennedy School of Government. He earned undergraduate degree in biological sciences from the University of Chicago.

Prior to joining Novartis, he worked at McKinsey & Company, first as a consultant and then as an engagement manager.

An elected member of the U.S. National Academy of Medicine, Narasimhan has held a number of positions at Novartis.

Reinhardt expressed confidence in Narasimhan’s ability to lead the company to “expected next growth phase … The strength of Novartis is our ability to drive science-based innovation. Vas is deeply anchored in medical science, has significant experience in managing the interfaces between Research and Development and commercial units and has strong business acumen with a track record of outstanding achievements. As a physician, he has a strong patient focus and a genuine humane perspective and care for the mission and values of Novartis. As a result, the Board of Directors is confident that Vas is the right choice to lead Novartis on our expected next growth phase, driving innovation and further strengthening our competitive position.”

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Former Facebook executive Chamath Palihapitiya to raise $500M for a large fund

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Charmath Palihapitiya

Chamath Palihapitiya, a former Facebook executive and a minority owner of the Golden State Warriors is attempting to raise $500 million as he builds a large investment firm.

WASHINGTON (Diya TV) — Chamath Palihapitiya, a former Facebook executive and a minority owner of the Golden State Warriors is attempting to raise $500 million as he builds a large investment firm.

According to a filing with the Securities and Exchange Commission, Palihapitiya is listed as CEO of “blank check company,” Social Capital Hedosophia Holdings. The company plans to raise $500 million in its IPO and subsequently acquire emerging private businesses that have little incentive to go public.

“Our mission is to create an alternative path to a traditional IPO for disruptive and agile technology companies to achieve their long-term objectives and overcome key deterrents to becoming public,” the filing said.

Palihapitiya has often condemned the traditional venture model and expressed his admiration for billionaire Warren Buffett, who erected Berkshire Hathaway into one of the World’s largest publicly-traded holding companies over a half century.

Social Capital is going to be more like a “bastard stepchild of Berkshire Hathaway and Blackstone and BlackRock” than a traditional venture firm, Palihapitiya said at an event in 2015.

One of Palihapitiya’s goals in the venture is bringing together “technologists, entrepreneurs, and technology-oriented investors,” the filing said.

The Wall Street Journal reported Palihapitiya’s team is planning to meet with investors soon, then initiating the IPO shortly thereafter on the New York Stock Exchange.

Hedosophia has offices in Hong Kong and London. Ian Osborne, CEO of Hedosophia, will be president of the new holding company. Former Skype CEO Tony Bates and former Twitter executive Adam Bain are among the Board members.

Palihapitiya spoke to Diya TV moments after the Warriors championship win in 2017

 

 

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