Network18’s content arm Web18 has appointed Durga Raghunath as CEO of Firstpost.com, reports Afaqs. Raghunath had joined the Network18 group two and a half years ago as VP, product and executive news producer for Web18, and was instrumental in the conceptualization and launch of Firstpost. Prior to joining Network18, she was with The Wall Street Journal as India Editor (mobile services and digital product development), before which she was the Managing Editor of Livemint.com, the website for HT Media’s financial daily Mint. She has also worked with HarperCollins Publishers in Marketing planning.
In April, Network18 had announced a restructuring, with Rajan Srinivasan being appointed CEO of IBNLive, and Joyson Thomas being appointed CEO of MoneyControl. R. Jagannathan, took over as Editor-in-Chief of Network18’s Web & Publishing Division in March this year.
Last month, FirstPost.com acquired FakingNews.com, among India’s first satire portals, for an undisclosed amount. In March, FirstPost had launched YouSpeak, a platform which allows users to share their views through video. In February, Web18 had also amalgamated its cricket property CricketNext into its channel specific website IBNLive.com. Network18 had also sold Yellowpages.co.in and AskMe to the Delhi based classifieds business, Getit Infoservices for an undisclosed amount. The company had mentioned that this divestment was in line with its strategy of monetizing non-core assets profitably to focus on its core television and digital business.