SeasonOfDeath
03-19-2003, 11:15 AM
From Businesswire.com: (http://www.businesswire.com/cgi-bin/cb_headline.cgi?&story_file=bw.031903/230785375&directory=/google&header_file=header.htm&footer_file=)
( BW)(NY-USA-INTERACTIVE)(USAI) Barry Diller Resigns as Chairman and CEO of Vivendi Universal Entertainment
Entertainment Editors/Business Editors
NEW YORK--(BUSINESS WIRE)--March 19, 2003--Barry Diller announced today he is resigning his position as CEO of Vivendi Universal Entertainment.
"My executive role was never intended to be permanent. Now that Vivendi Universal has begun a formal process in reviewing options for its entertainment assets, it is appropriate to step aside from any direct management responsibility. USA Interactive (Nasdaq: USAI) and I remain shareholders of Vivendi Universal Entertainment and we are all hopeful for a speedy resolution of its future.
"To the people of Universal, many of whom I've known and worked with for a very long time, and the many I've met these last 9 months: you have all done truly fine work during a very difficult and distracting period - your dedication to that work and to the preservation and continuation of the fine values of Universal and MCA's history is evidence of your own quality and values."
--30--RC/ny*
CONTACT: USA Interactive Corporate Communications
Ron Sato, 212/314-7254
TICKERS: NASDAQ:ROOM NASDAQ: EXPE
KEYWORD: NEW YORK
INDUSTRY KEYWORD: ENTERTAINMENT PUBLISHING MANAGEMENT CHANGES
SOURCE: USA Interactive
( BW)(NY-USA-INTERACTIVE)(USAI) Barry Diller Resigns as Chairman and CEO of Vivendi Universal Entertainment
Entertainment Editors/Business Editors
NEW YORK--(BUSINESS WIRE)--March 19, 2003--Barry Diller announced today he is resigning his position as CEO of Vivendi Universal Entertainment.
"My executive role was never intended to be permanent. Now that Vivendi Universal has begun a formal process in reviewing options for its entertainment assets, it is appropriate to step aside from any direct management responsibility. USA Interactive (Nasdaq: USAI) and I remain shareholders of Vivendi Universal Entertainment and we are all hopeful for a speedy resolution of its future.
"To the people of Universal, many of whom I've known and worked with for a very long time, and the many I've met these last 9 months: you have all done truly fine work during a very difficult and distracting period - your dedication to that work and to the preservation and continuation of the fine values of Universal and MCA's history is evidence of your own quality and values."
--30--RC/ny*
CONTACT: USA Interactive Corporate Communications
Ron Sato, 212/314-7254
TICKERS: NASDAQ:ROOM NASDAQ: EXPE
KEYWORD: NEW YORK
INDUSTRY KEYWORD: ENTERTAINMENT PUBLISHING MANAGEMENT CHANGES
SOURCE: USA Interactive