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Former Lifetime, iVillage CEO McCormick Appointed
New Chairman Of Waterfront Media
Paidcontent.org
By Staci D. Kramer
May 12, 2008
Another interesting health content announcement today with Waterfront
Media, parent of Everyday Health, appointing cable and online vet
Doug McCormick as chairman of the board. He succeeds Bo Peabody,
Tripod co-founder and co-founder/managing general partner of Village
Ventures, and chairman of Waterfront since 2003. McCormick, a member
of Waterfront's board, has been a venture partner with Rho Ventures,
one of the company's investors, since he led the $600 million sale
of iVillage to NBC Universal (NYSE: GE) in 2006. Before he was
chairman and CEO of iVillage, McCormick was president and CEO of
Lifetime Television Networks.
Waterfront was formed by the merger of Agora Media and Streetmail,
co-founded by Peabody. The company raised $25 million in last September
in a fourth round led by Scale Venture Partners and including return
investors Tine Warner Venture and Rho. Previously, the company
raised at least $10 million plus $8 million in debt financing.
Co-founder and CEO Benjamin Wolin was on our EconHealth deals panel
(Video here). The Everyday Health network claims 14-plus million
million uniques a month. Revolution Health, founded by Steve Case,
went from zero to 60 in less than a year and poses a considerable
challenge, as do the portals with their revamped health sites.

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