CBS Interactive Chief Smith To Exit
October 29, 2009: CBS Interactive CEO Quincy Smith is leaving that job in 2010, but has signed on CBS Corp. as the first client for a new consultancy in a multiyear deal. Neil Ashe remains in place as president of CBS Interactive.
Smith was behind the $1.8 billion deal that brought CNET into the CBS fold, and also engineered the $280 million purchase of Last.fm, among a number of other deals. CBS said he will "continue to be closely involved in CBS's initiatives related to next-generation monetization of video, including oversight of the company's effort to explore authentication as a new, additive method of distribution."
CBS President/CEO Leslie Moonves said, "I'm very pleased to extend our relationship with Quincy, who is one of the finest minds working in interactive media today. Quincy helped put CBS Interactive on the map, and we are now a top 10 presence in premium content. His entrepreneurial spirit and his passion for the business have helped this company attract some of the most creative minds working in digital media. I know he will continue to be successful in all he's yet to do, and we're very happy to have Quincy working with us in this new role at CBS."
Smith has been with CBS Interactive since 2006 from Allen & Co., where he was an investment banker, and before that was a founding partner in venture capital firm the Barksdale Group.
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