Was Levinsohn Fired For Raising His Own Fund?
According to Red Herring's Tony Perkins: “He got raising money for another deal. So the chief operating officer Peter Chernin, who works for Rupert as his right hand man—when his kids aren’t running the place, called Ross into his office and said, ‘Is this true, that you’re raising this half a billion dollar roll-up fund?...And he [Chernin] goes, ‘Are you either in or your out?’ And he [Levinsohn] said, ‘Well, I guess I’m out.”
But...
According to ValleyWag's Nick Denton: Ross Levinsohn's one great achievement at Fox Interactive was the acquisition of MySpace and he had fallen out with Tom Anderson and Chris DeWolfe, founders of the fabulously popular social network. It was a classic me-or-him choice for Rupert Murdoch and News Corporation management. Both Mark and Ross just couldn't handle the insanity of the MySpace guys, demanded more control, didn't get it, and left.
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