Young Succeeds Callahan as Ziff Davis CEO
Jason Young, currently president of Ziff Davis Media’s Consumer/Small Business Group, will succeed Robert F. Callahan as CEO of Ziff Davis Media, the company announced yesterday. Young’s promotion is the result of a long-standing succession plan. Callahan, the company’s CEO since 2001, will continue in his role as chairman.
“Jason’s ready to take the helm. He’s a dynamic executive who has played the lead role in driving our digital growth, which will remain his number one priority,” says Callahan. “Ziff Davis has transformed swiftly into a digital, event and print company fueled by its leading heritage magazine brands in the technology and video games arena.”
Young first joined Ziff Davis in 1990 and has spent the bulk of his career with the company. “I’m honored and thrilled to be selected for the CEO position at Ziff Davis Media, which under Bob’s leadership has transformed into a new media firm delivering strong results for our customers,” says Young. “The technology and video gaming markets we serve are powerful and growing. Ziff Davis has always led the market as an innovator in content creation, audience development and marketing solutions. … I look forward to working with Bob, our board and our outstanding teams in continuing to drive the Ziff Davis Media business forward.”
Ziff Davis also announced the completion of the sale of its Enterprise Group to Insight Venture Partners. The deal, which closed Tuesday, totaled $150 million in cash, subject to adjustments in accordance with the purchase and sale agreement, plus an earn-out payment of up to $10 million in cash based on full-year results of the Enterprise Group.