Hearst quits Excite@Home's board
Excite@Home said Friday that William Hearst III has resigned from the bankrupt company's board of directors. The move was effective Wednesday, the company said. Hearst, who has been on the board since 1995, is a general partner at venture capital firm Kleiner Perkins Caufield & Byers. In its terse news release Friday, the high-speed Internet service provider did not give a reason for Hearst's resignation. An Excite@Home representative was not immediately available for comment. Last week, AT&T removed four of its executives from Excite@Home's board. Excite@Home said the move was made to avoid a conflict of interest in AT&T's ongoing bid to buy Excite@Home's broadband Internet access business.
In its terse news release Friday, the high-speed Internet service provider did not give a reason for Hearst's resignation. An Excite@Home representative was not immediately available for comment. Last week, AT&T removed four of its executives from Excite@Home's board. Excite@Home said the move was made to avoid a conflict of interest in AT&T's ongoing bid to buy Excite@Home's broadband Internet access business.