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Yahoo!'s Revolving Door Spins, Singh Out

Stocks in this article: YHOO

NEW YORK (TheStreet) -- Yahoo!'s (YHOO) revolving door continues to spin, according to published media reports.

Just a day after Yahoo! COO Henrique de Castro was fired by CEO Marissa Mayer, reports of Editor-in-Chief Jai Singh's departure emerged. Citing sources close to the situation, Re/code reported Singh has quit the company amidst changes to Yahoo!'s media unit.

Late on Thursday, TechCrunch reported that Singh's departure would be effective as of today. The Web site said it confirmed the news with the Sunnyvale, Calif.-based Internet giant.

Yahoo! has not yet responded to TheStreet's request for comment on this story.

Singh joined Yahoo! in 2011 from the Huffington Post Media Group, where he was the managing editor. Earlier in his career, he was the founding editor of CNET News.com and senior vice president and editor-in-chief of CNET.com.

In the internal Yahoo! memo announcing de Castro's firing, which was obtained by Re/code, Mayer noted Yahoo! Chief Marketing Officer Kathy Savitt will lead the firm's media and editorial functions.

Yahoo! shares dipped 0.1% to $40.30 before market open. During Thursday's trading session, the Internet giant's shares closed down 1.78% at $40.34.

--Written by James Rogers in New York. >Contact by Email.

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