New York - Hugh Panero, co-founder and former CEO of XM Satellite Radio, has been named CEO of Popdust, an online music platform that connects fans with the pop stars they love, using news.
"Our mission for Popdust is to galvanize the intensity of pop music fans and create a vibrant and profitable platform for music news, social interaction and commerce," said Hugh Panero. "The great team here, including co-founders David Wade, Craig Marks and Kevin Fortuna, has already built the largest web destination dedicated to pop music, and I look forward to building on their many achievements to date. I love building media companies in businesses with a large market opportunity, and clearly there are lots of pop music fans."
Most recently, Panero has served as a venture partner with New Enterprise Associates (NEA), a leading venture capital firm, where he has focused on investments in the media and technology space.
Popdust investors represent leading ventures firms, including Lerer Ventures, New Enterprise Associates, Softbank Capital and RRE Ventures.