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CEO of Chernin Group-AT&T Online-Video Joint Venture Quits

Virasb Vahidi has resigned as CEO of Otter Media, the online-video joint venture of AT&T and Chernin Group.

The companies hired the former American Airlines and AT&T exec in September 2014 to run the JV, which has pooled of $500 million to acquire, invest in and launch OTT video services.

Vahidi said in a memo to employees that since “it has become clear… that the role of the CEO is different…