media

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By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Four senior Twitter executives are leaving the media company, which is also adding a new chief marketing officer and two board members, a source said on Sunday, outlining the biggest leadership changes since Jack Dorsey returned as chief executive, calling for “bold rethinking”. Media head Katie Jacobs Stanton, product head Kevin Weil, and the head of the engineering division, Alex Roetter, will all leave the company, the source familiar with the matter said. On Sunday night Jason Toff, who heads Twitter's video streaming service, Vine, tweeted that he was leaving Twitter to join Google to work on virtual reality.

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Japan's Toshiba Corp plans to sell part of its chip business as it aims to recover from a $1.3 billion accounting scandal, three people familiar with the matter told Reuters on Saturday. The electronics conglomerate has started accepting bids, with early interest shown by the Development Bank of Japan Inc, said the sources, who declined to be identified because they are not authorized to talk to the media. The state-owned bank has already invested in Seiko Holdings Corp's semiconductor operations.

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By Alastair Sharp TORONTO (Reuters) – The chief executive of infidelity website Ashley Madison's parent company Avid Life Media has left, just over a week after hackers leaked data about millions of its clients in a massive cyber assault. Avid Life said on Friday the departure of Noel Biderman was by “mutual agreement” and its existing senior management team would take over until a new CEO is appointed. On Aug. 18, hackers who claimed to be unhappy with its business practices released the Ashley Madison customer data, and police probing the breach said it had sparked extortion attempts and at least two unconfirmed suicides.

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(Reuters) – Infidelity website Ashley Madison and its parent company have been sued in federal court in California by a man who claims that the companies failed to adequately protect clients' personal and financial information from theft, saying he suffered emotional distress. The lawsuit, filed in U.S. District Court in Los Angeles by a man identified as John Doe, seeks class-action status. The lawsuit accuses Ashley Madison and parent company Avid Life Media Inc, which is based in Toronto, of negligence and invasion of privacy, as well as causing emotional distress.

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By Alastair Sharp and Josephine Mason TORONTO (Reuters) – Hackers dumped online personal details of more than a million users of infidelity website AshleyMadison.com, tech websites reported on Tuesday, the latest high-profile cyber attack that threatens to wreak strife in relationships across the globe. Have an affair,” hackers claimed to publish a huge cache of email addresses and credit card data stolen in July. Avid Life Media, which owns Ashley Madison and Established Men, widely described as a “sugar daddy site,” did not verify the data was real, but said it was aware of the claim.

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(Reuters) – Apple Inc's much-hinted-at TV service may soon become a reality as the iPhone maker is in talks with programmers to offer a slimmed-down bundle of TV networks this fall, the Wall Street Journal reported, citing people familiar with the matter. The service would have about 25 channels, anchored by broadcasters such as ABC, CBS and Fox, and be available across all devices powered by Apple's iOS operating system, including iPhones, iPads and Apple TV set-top boxes, the newspaper said. Apple has been talking to Walt Disney Co , CBS Corp , and Twenty-First Century Fox Inc and other media companies to offer a “skinny” bundle with well-known channels like CBS, ESPN and FX, leaving out the many smaller networks in the standard cable TV package, the Journal said. Apple, which is aiming to price the new service at about $30 to $40 a month, plans to announce the service in June and launch it in September, the newspaper said.