Next New Networks CEO to Step Down

Herb Scannell, the old media guy who got it, will announce today that he is stepping down as CEO of Next New Networks when the company finds a replacement. Apparently NNN needs someone more operational, whereas Scannell will be able to continue doing the big-picture thing from the chairman’s seat.

Scannell was previously vice chairman of MTV Networks and president of Nickelodeon Networks. For a flashback, see our first interview with him from March 2007: Ping Pong at Next New Networks.

Next New Networks has some $23 million in funding from Goldman Sachs, Velocity Interactive Group, Spark Capital, Saban Media Group and Bob Pittman.

Scannell explained the chief executive change in a blog post today as a shift away from video to web communities:

Thus far, we’ve been video-centric, built our network model, and got distribution and advertising up and running. Now, I want to see us go beyond video by building up our web capabilities in key categories, and move the company to make our sites and new offerings even more robust for communities to gather and interact. Hence, I plan on bringing in someone as CEO who has “been there, done that” in building a web business, and who will work with me as Executive Chairman.


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