Huffington Post taps new CEO

Betsy Morgan stepping down after 18 months in the job

The Huffington Post, whose bloggers include a slew of famous entertainers, said Monday that CEO Betsy Morgan will be replaced by Eric Hippeau, a managing partner of SoftBank Capital and former chief executive of Ziff-Davis.

Morgan joined the Huffington Post from CBS News just 18 months ago. The company did not say why Morgan, who is also vacating her board seat, is leaving the company or whether she has a new job lined up.

Co-founded by Arianna Huffington as an online news and opinion source -- sort of a left-wing answer to the right-leaning Drudge Report, the Huffington Post recently raised $25 million from Oak Investment Partners.

The company has worked closely with Hippeau since SoftBank Capital invested in it three years ago.

Hippeau was also instrumental in founding ZDTV, ZDNet and in SoftBank's investment in Yahoo 14 years ago.

The Huffington Post launched four years ago and is one of the most-linked-to blogs on the Internet. Among its 3,000 bloggers are celebrities Robert Redford, Mia Farrow, Albert Brooks, Nora Ephron, Larry David, Alec Baldwin, Neil Young and Al Franken.
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