Pat Kenealy, the CEO of B2B media giant IDG, is leaving the company and rejoining IDG Ventures effective in January, paidContent.org has learned. Kenealy confirmed the news to us in a phone call.
No replacement will be named for Kenealy.
Kenealy said that his job over the last three years as CEO is done — mainly to make sure the various divisions of what essentially is a holding company [my phrase] were running smoothly. Bob Carrigan, the president of IDG Communications appointed in June, will be oversee the U.S. publishing arm.
Kenealy said that IDG Ventures has raised a new venture fund, and he’ll overlook and work on that…from 1996 to 2002, Kenealy was Managing General Partner of IDG Ventures, IDG’s $500 million fund.
Kenealy has been controversial in online media circles, and in the past has spoken out against everything from Google to blogs to free content. He’s also spoken out against deep linking in the past, but those policies at IDG seem to have changed now.
Foliomag: He will serve as general partner of Pacific 2, a fund that is expected to raise $200 million for investment in early-stage technology companies. IDG Ventures has about $1.5 billion under management.
Related:
– Pat Kenealy’s View Of The World
– Trade Companies To Block Google and Other Search Engines?
– Deep Linking: Some Thoughts
– Google’s Impact on Magazines
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