TechTV CEO to step down

By Stefanie Olsen
Staff Writer, CNET News

Cable TV programmer TechTV says Chairman and Chief Executive Larry Wangberg will resign after nearly five years with the company. After finding a replacement, Wangberg plans to pursue other interests while remaining on the company's board of directors.

The cable network and Web site, owned by Vulcan Ventures, Microsoft co-founder Paul Allen's investment firm, shed about a quarter of its staff in November because of the weakened demand for advertising. The company also underwent a shift in ownership during Wangberg's tenure when Vulcan bought TechTV from its founder, Ziff-Davis, in January 2000. TechTV distributes technology news, entertainment, product reviews and updates on tech stocks to about 30 million homes in 70 countries through its TV programming.

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