Vimeo CEO to Step Down from IAC’s Video Service

Bloomberg: Vimeo CEO Kerry Trainor is leaving his post atop IAC/InterActiveCorp’s video website after building the niche outlet for filmmakers into a destination for high-end internet TV series. IAC CEO Joey Levin will serve as Vimeo’s interim boss. The company said it will continue to increase its investment in Vimeo. IAC has brought in media consultant Garth Ancier to assess the best strategies for Vimeo, as well as its other media businesses.