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Quincy Smith Named to Lead CBS Interactive

Nov 6, 2006  •  Post A Comment

Veteran dealmaker Quincy Smith will replace Larry Kramer as head of CBS’s digital media efforts, the network announced Monday. Mr. Smith has been named president of the newly titled division CBS Interactive, which Mr. Kramer led as president of CBS Digital Media since last year.

The hiring of Mr. Smith could signal more aggressive growth for the new media division. Mr. Smith, who comes from investment bank Allen & Co., has been involved in several major media deals, including transactions for Google, AOL and Yahoo.

Mr. Smith will lead digital strategy and media partnerships for the company and oversee the CBS Web sites and innertube, a broadband site offering original programming and CBS series.

“This announcement is particularly significant because it reflects our belief that the future of media lies increasingly in the interactive realm,” said Leslie Moonves, president and CEO of CBS Corp. “Quincy Smith [has] had his hand in building many of the biggest interactive companies of our time, and his knowledge of this burgeoning landscape is second to none. As we continue to grow our interactive footprint and develop new revenue streams, it’s important for us to have a unified strategy and seamless communication across all of our many divisions.”

Mr. Kramer will remain with the company as an advisor.