French video site Dailymotion is appointing a new CEO to replace Mark Zaleski, we understand, and is said to be seeking new investment after reportedly failing to turn a profit. An announcement is expected later today
Zaleski, also chairman, will remain non-executive chairman and will lead international ops while Ian Brotherston, formerly of BT (NYSE: BT) and AOL (NYSE: TWX), will come in as new CEO, Stratgies newsletter reported, putting Dailymotion's 2008 revenue at 12.5 million ($16.2 million), which isn't disastrous. Le Journal du Net last week foretold the switcharound, saying the site plans to raise more money this year, as video sites generally find making money tough-going. No word on any of that yet from the company.
By Robert Andrews