Chernin, R. Levinsohn: No Truth To Rumored Dismissal

While I was out last week, Tony Perkins managed to start a kerfluffle about former FIM president Ross Levinsohn allegedly raising a fund (a half billion, so the story goes) and being found out by Peter Chernin, president and COO of News Corp. The two principals say there’s no truth to the story on DealBreaker (complete with histrionic headline) playing off an interview by D7TV, which was picked up by VentureBeat. Levinsohn told me last night that the fundraising and the supposed discussion didn’t take place and today, in response to a question from me after a UBS session, Chernin said it was “not true at all.” (He also said he gets paidContent.org daily but that’s a different story.)
Earlier today, Perkins — who had been asked by Levinsohn to retract his comments after he apologized to him — finally did so.
Moral of the story: Drinking, gossip and video mixed with instant distribution can be toxic.

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