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Meg Whitman to lead Katzenberg’s mobile media startup NewTV

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Departing Hewlett Packard Enterprise Co CEO Meg Whitman will become chief executive of DreamWorks co-founder Jeffrey Katzenberg’s mobile media firm NewTV, a move that places her back into uncharted territory.

One of the most powerful women in U.S. business and a former candidate for California governor,Whitman will be moving into a nascent sector much like when she took over eBay Inc in its early stages and turned it into a multi-billion dollar business.

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“Getting Meg was a coup as many companies wanted her,” GBH Insights analyst Daniel Ives said on Wednesday.

Whitman starts March 1 at Katzenberg’s startup firm, which plans to make Hollywood-style, short-form videos for mobile use.

“This is a change of pace for Meg after stepping down from HP as NewTV and Katzenberg have created a unique business model which has a long runway ahead of it for the coming years,” Ives said.

Several media reports said NewTV is trying to raise about $2 billion, which would be a significant first round of financing for a digital media startup. The firm declined to comment on the funding. Katzenberg is chairman of NewTV.

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Whitman, who was reportedly a leading candidate for the chief executive job at ride-hailing firm Uber before it was given to Dara Khosrowshahi, steps down as CEO of Hewlett Packard Enterprise Co on Feb. 1.

At HPE, she pulled off one of the biggest corporate breakups in history. She spun off Hewlett Packard Co into HPE and PC-and-printer business HP Inc in 2015, as part of a plan to turn around the corporation.

Whitman previously served on the board of DreamWorks Animation, which Katzenberg co-founded.

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(This Jan. 24 story has been refiled to fix typo in the first paragraph)

(Reporting by Munsif Vengattil in Bengaluru; editing by Sai Sachin Ravikumar, Bernard Orr)

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… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

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‘He’s empty’: Psychiatrist warns Trump is in a ‘psychotic-like state’

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Dr. Lance Dodes warned that things were going to get worse under President Donald Trump in 2017. That's precisely what happened.

"Is that what we're seeing this week?" MSNBC host Lawrence O'Donnell ased the psychiatrist.

"Absolutely. Donald Trump, because he has a fundamental need to be all-powerful and all loved, can't stand challenges," Dr. Dodes said. "And the nature of democracy is that it challenges people. We have more than one opinion. So the more -- it was predictable once he got into a position where people would challenge him, there are two parties, he would become more unhinged.

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Elementary school cheer squad parents raffling off an AM-15 automatic weapon as a fundraiser

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Just weeks after a mass shooting in Dayton, Ohio killed nine people, only 200 miles away in Richmond, the cheer squad is selling raffle tickets to sell a semi-automatic gun.

Fox19 reported Wednesday that the Junior Lions Cheer Team have infuriated Heather Chilton, who's 7-year-old daughter is on the squad for the first time.

"This is absurd, you're having elementary kids sell your AR-15. Why?" Chilton said. "I highly doubt that something would happen with the gun, but say it did. Say one of the kids in the high school got a hold of it — got the AR-15 or AM-15 and shot up a school with it, and I'm the one that sold the raffle ticket to his dad?"

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I think Trump’s people sit around ‘thinking up new ways to be cruel’: Senator

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On Wednesday's edition of MSNBC's "All In," Sen. Mazie Hirono (D-HI) tore into the Trump administration for its treatment of migrant children, as yet more reports come in of children being denied basic services in squalid conditions, and as Trump considers ways to get around the federal consent decree placing limits on how long they can be detained.

"We already know from so many child specialists that detaining children in these kinds of facilities does irreparable damage to them," said Hirono. "There are alternatives to family detention this administration could care less about ... the only way to get around the consent agreement is by getting around it by proposing or having this rule, which will be immediately challenged. They want to detain families indefinitely, children indefinitely, held in situations that do them absolutely no good when there are alternatives."

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