Jon Steinberg, who joined the Daily Mail as CEO for North America in June 2014, will not be around next year when a weekday program produced by Dr. Phil McGraw’s production company in partnership with the U.K. paper’s global website debuts. Per a statement released this afternoon, he’s exiting the ranks at the end of the year:
Martin Clarke, CEO & publisher, said “Jon has played a leading role in building our digital media assets in the US, including DMGT’s acquisition of Elite Daily and the launch of Truffle Pig, our JV with Snapchat and WPP.”
“He also led investments on behalf of DMGT in Taboola, Brit+co and Tigerbeat. Our commercial progress has been tremendous, reflected in our year on year revenue growth of over 45% and the doubling of our direct advertising sales revenue.”
“Our priority now is to concentrate on these investments and execute on our organic growth strategy. We have very amicably agreed that this does not play to Jon’s passions and strengths in pursuing significant acquisitions and partnerships, and he has therefore decided to move on and find his next challenge. He has agreed to stay until the end of the year and will work closely with me to ensure an orderly transition.”
Earlier this year, Jack and Suzy Welch launched a podcast with Steinberg titled WelchCast. Steinberg’s contract officially expires Dec. 30.
Update (6:55 p.m.):
Dylan Byers at CNNMoney has news of a related high-profile departure. He writes that
David Spitz, serving under Steinberg as President of Daily Mail North America, resigned several weeks ago. Byers also tweeted that Steinberg may be headed to Snapchat.
Previously on FishbowlNY:
Jon Steinberg on MailOnline’s Plans for World Domination, New Hire Piers Morgan
[Photo courtesy: Daily Mail]