Lurie leaves Guggenheim Digital Media

Guggenheim Digital Media, the unit of Guggenheim Partners formed last year to explore new media acquisitions and investments, shed one of its key deal makers this week, according to multiple press reports.

Zander Lurie, a former CBS executive who joined GDM about a year ago, has left the group, Recode and reported. The group had been involved in a bid to acquire Hulu last year. That deal never materialized -- Hulu's owners decided not to sell.

Lurie's departure follows what had been referred to as a restructuring of some of its investments. Last week Variety reported that some changes had been made to the responsibilities of the group's upper management. GDM CEO Ross Levinsohn's duties are now said to focus entirely on business development and no longer involve the management of its trade publication investments.

Lurie told Variety he left to pursue other opportunities.

For more:
- Variety had this report 
- Recode had this report

Related articles:
Hulu said to attract pay-TV distributors 
Guggenheim hired to advise on Hulu sale

Suggested Articles

Hulu with Live TV will raise the price of its base package by $10, bringing the cost up to $54.99 per month. The price change will kick in on Dec. 18.

As AT&T TV Now falls back in the pack, Sling TV and Hulu with Live TV have emerged as the co-leaders among virtual MVPDs in terms of subscribers.

Verizon's Stream TV device, for now, doesn't support Netflix.