SeeSaw loses more executives

Troubled UK online video service SeeSaw has lost another three key executives, following the decision by former Channel 4 CEO Michael Jackson not to take up his role as chairman at the beginning of this month.

The latest three executives to resign are commercial director Matt Rennie, platform controller John Keeling and product director Richard Dines, according to a report on the paidContent website.

Criterion Capital Partners, the owner of social networking site Bebo, acquired a 75% stake in SeeSaw from Arqiva in July, but has so far failed to raise additional investment capital for the service, which had been promised by investment consortium backer Weston Capital.