Ryan O’Hara Named CEO
News Corp announced today that Ryan O’Hara will become Chief
Executive Officer of Move, Inc. (“Move”), effective January 5,
2015.
Ryan O'Hara (Photo: Business Wire)
Mr. O’Hara will replace CEO Steven Berkowitz, who has led the
company since January 2009. News Corp acquired Move, a leading
provider of online real estate services, including realtor.com®,
last month.
“We are excited to have secured Ryan O'Hara to take the helm at
Move, given his record of transforming businesses in the digital
age and his clear determination to accelerate the growth of the
company. We are also extremely grateful to Steve Berkowitz for his
years of astute and principled leadership, during which period he
secured greater operating flexibility for the business and put the
company on a solid growth trajectory,” said Robert Thomson, Chief
Executive of News Corp.
“Ryan's experience in the digital media and entertainment
industry and his deft management skills will be invaluable assets
as we pursue the rapid expansion of Move in this era of exponential
change. We believe he has the ability to leverage the relationship
with our existing US media properties to the benefit of all and to
make the most of the significant expertise at REA, our
majority-owned, notably successful and still growing digital
property site in Australia."
"Ryan will begin at Move in the first week of January, when we
will also be rolling out a broad-based marketing campaign across
The Wall Street Journal Digital Network to drive quality traffic to
realtor.com®,” said Mr. Thomson. “He also looks forward to working
closely with the National Association of Realtors®, a key and
crucial partner of Move, knowing that Realtors® are at the heart of
American real estate transactions."
Mr. O’Hara most recently served as a President at the Madison
Square Garden Company, leading the MSG Media, technology and
marketing partnership divisions. He previously was President and
CEO of The Topps Company, a leading entertainment trading card and
consumer products business. During his time at Topps, Mr. O’Hara
grew market share, formed key partnerships with major sports
leagues and player associations, and expanded the business
digitally and globally.
Before Topps, Mr. O’Hara was with several News Corporation
businesses, including Gemstar TV Guide International/TV Guide
Company from 2002 to 2010, the last five years as President of the
TV Guide network and several digital businesses. He led the TV
Guide network’s transformation from a utility guide to a
full-screen entertainment destination and significantly increased
its distribution. Between 1999 and 2002, he worked at Fox Cable
Networks in Los Angeles and BSkyB in London.
Mr. O’Hara holds a B.A. in Economics from Stanford University
and an M.B.A. from Harvard Business School.
“I’m grateful for this exciting opportunity to join the team at
Move and help make realtor.com® the best in the business,” said Mr.
O’Hara. “The digital real estate marketplace is poised for rapid
expansion as more people go online to buy, sell and rent property
in America, and as more businesses advertise on digital real estate
platforms to reach those homeowners. I believe Realtor.com® is
ready to capitalize on this technological revolution.”
“Love of real estate runs in my family, with my grandfather and
uncle having long, successful careers as real estate brokers, and a
cousin is currently a Realtor® and member of the National
Association of Realtors®. And while in college, I gained a
California real estate salesperson license,” said Mr. O’Hara. “I’m
thrilled to have a chance to run this exciting digital real estate
business, particularly given its deep connection
to Realtors® around the country.”
“I believe Move is well-positioned for the future, with many
good people whom I’ve been honored to work with these past six
years. I’m grateful for all we accomplished together and I leave
secure in the knowledge that great things are in store for them and
Move,” said Mr. Berkowitz.
Through realtor.com® and its mobile applications, Move
displays more than 98% of all for-sale properties listed in the US.
With the freshest, most accurate listing of homes in the market,
the Move network of websites reaches more than 30 million people
per month.
REA Group Limited, in which News Corp owns a 61.6% interest, has
a 20% stake in Move. REA is the operator of the leading Australian
residential property website, realestate.com.au.
About News Corp
News Corp (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) is a global,
diversified media and information services company focused on
creating and distributing authoritative and engaging content to
consumers throughout the world. The company comprises businesses
across a range of media, including: news and information services,
book publishing, cable network programming in Australia, digital
real estate services, digital education, and pay-TV distribution in
Australia. Headquartered in New York, the activities of News Corp
are conducted primarily in the United States, Australia, and the
United Kingdom. More information: http://www.newscorp.com.
About Move, Inc. and realtor.com®
Move, Inc. is a leading provider of online real estate services.
Move operates the realtor.com® website and mobile experiences,
which connect people to the most important and accurate information
they need to find their perfect home and to the REALTORS® whose
expertise guides consumers through buying and selling. As the
official website of the National Association of
REALTORS®, realtor.com® empowers consumers to make smart home
buying, selling and renting decisions by leveraging its direct,
real-time connections with more than 800 multiple listing services
(MLS) via all types of computers, tablets and smartphones. In
addition to the industry’s most comprehensive and accurate
information, Move’s network of websites provides consumers a wealth
of innovative tools, including Doorsteps®, Moving.com™,
SeniorHousingNetSM and others. Move supports real estate agents and
brokerages by providing many services to grow their businesses,
including ListHub™, the nation's leading listing syndicator and
centralized intelligence platform for the real estate industry;
TigerLead®; Top Producer® Systems; and FiveStreetSM; as well as
many free services. Move is based in the heart of Silicon
Valley – in San Jose, Calif.
Forward-Looking Statements
This document contains certain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are based on management’s views and
assumptions regarding future events and business performance as of
the time the statements are made. Actual results may differ
materially from these expectations due to changes in global
economic, business, competitive market and regulatory and other
factors. More detailed information about these and other factors
that could affect future results is contained in News Corp’s and
Move’s filings with the Securities and Exchange Commission. The
“forward-looking statements” included in this document are made
only as of the date of this document and we do not have any
obligation to publicly update any “forward-looking statements” to
reflect subsequent events or circumstances, except as required by
law.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20141217006375/en/
News CorpJim Kennedy, 212-416-4064Chief Communications
Officerjkennedy@newscorp.com@jimkennedy250orMike Florin,
212-416-3363SVP, Head of Investor Relationsmflorin@newscorp.com
News (ASX:NWSLV)
Historical Stock Chart
From Sep 2024 to Oct 2024
News (ASX:NWSLV)
Historical Stock Chart
From Oct 2023 to Oct 2024