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Scale Venture Partners - Portfolio News
Waterfront Media Names Doug McCormick Chairman
VentureWire
By Staff Reporters
May 13, 2008

Health care media company Waterfront Media Inc. said Doug McCormick, a company director, has been named chairman of the board. He assumes the role of chairman from Bo Peabody, co-founder and managing general partner of Village Ventures, who remains on the board.

McCormick is currently a venture partner with Rho Ventures, a division of Rho Capital Partners and one of Waterfront Media's funders. Prior to Rho, he served as chairman and chief executive of iVillage Inc., where he successfully completed the sale of iVillage to NBC Universal for more than $600 million. He was also president and CEO of Lifetime Television Network.

Waterfront Media, founded in 2002, has a network of health, diet, fitness and pregnancy Web sites, including its flagship EverydayHealth.com. In September 2007, the company raised a $25 million Series D round, bringing its overall fund-raising total to more than $37 million, according to VentureWire archives. New investor Scale Venture Partners led the round, which also included new investor Foundation Capital.



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