According to the Wall Street Journal, Ask.com CEO Jim Safka is leaving the company. He will become the head of Chegg, Inc., which rents textbooks to students online. The decision to leave is apparently Safka's, for personal reasons. Longtime IAC executive Scott Garell will take over as "President of Ask Networks."
In its most recent earnings report, IAC's "media & advertising" business (which reflects search revenues) was off 22 percent compared with the same period a year ago. Ask's market share, as the WSJ article points out, has remained largely flat during Safka's time at the helm, [...]
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