The shakeup is significant as AOL's future is staked on three
pillars: online video, ad-tech and premium content. Mr. Harnevo's
departure comes soon after Susan Lyne's departure. She ran the
company's brand group until last month.
Ad Age spoke to Mr. McCormack after he was named to the
position, asking him how he plans to run AOL's 200-person
division.
You had a pretty good job at Viacom, why leave for
AOL?
I think television is a wonderful business, and it will probably
evolve more over the next couple of years than any time in its
history. AOL is in a great position to be part of that new
innovative story of content creation as it evolves across new
platforms, devices and attains new attributes like interactivity
and social connection.
What specifically puts AOL in a great position compared
to its competitors?
A lot of companies today have evolved from tech-focused companies
into media companies or traditional media companies who have had to
develop technologies. AOL is a company that seems to be beginning
the hybrid approach to advertising, content creation and
distribution in a new way. They're lean, they have gone through
evolutions and really act more like a startup as opposed to
established companies protecting their existing business.
What risks will you take?
A lot of existing digital players that wanted to become content
powerhouses basically hired television people to create television
programming. We think that the television companies or the
established big media companies are very good at creating that type
of programming, and they spend lots and lots of money. I also know
it's very difficult, it's very hard to get a hit. We need to decide
which lane we are going to compete in and then we're probably going
to have to take some risks in terms of what type of content we want
to put out there, how we want to tell a story in a different way.
It won't be traditional. Some of it hopefully won't be like what
you've seen before.
In a tweet you thanked Ran for giving you good "field
position" what is the end zone for you? How will you get
there?
While not easy, to me it's pretty straightforward what's a win.
The wins are: we've created content that people are aware of, that
people are talking about; we've entered into the cultural
conversation, that people know what we're making and respond to it;
and the advertising community responds and the corresponding
revenue growth occurs.
You're going to be overseeing a significant team in Tel
Aviv, how's your Hebrew?
My Hebrew is not great but my understanding of working with groups
from Israel over the last 20 years of my career has been great. I'm
very respectful of the type of products and technology and the
minds that come out of places like Tel Aviv.