Click to viewMore than one tipster tells us that Patrick Norton is leaving Ziff-Davis's DL.TV, and, after a brief paternity leave, joining Revision3. DL.TV, of course, was the brainchild of Jumpin' Jim Louderback, the former PC Magazine editor who's now Revision3's CEO. And before Ziff-Davis, Louderback and Norton worked together at TechTV, where Norton was the host of the popular "Screen Savers" show — the same show that later birthed Revision3 cofounder Kevin Rose's career. It's not a surprising hire, but it should answer any remaining questions about how crushingly insular the world of online video is.

Jason Young replaces Robert Callahan as CEO of Ziff Davis, the parent company of PC Magazine. [Business Wire]

Dan Rosensweig, former Yahoo COO and CNET exec, will start up the Silicon Valley office of buyout firm Quadrangle. [San Jose Mercury News]

Larry Kramer, founder of the MarketWatch stock-news site now owned by Dow Jones, has joined Polaris Venture Partners as a senior advisor. The firm's portfolio includes online-media companies like JibJab and Heavy. [LinkedIn]

The Valley's boardrooms remain far from a meritocratic ideal, remaining dominated by white males. Yahoo, accordingly, is being hailed for tapping Maggie Wilderotter as its first female board member. But Yahoo's press release glosses over a vital fact about Wilderotter: As Wink's CEO, she saw the interactive-TV software maker's shares plunge from $75 to $3, wiping out billions of dollars in market capitalization. We're not sure how that adds particularly to Yahoo's management expertise, save for giving the company a board member accustomed to hearing bad news.

Two weeks after canning News.com's video team, CNET is staffing up its video department again — with an intern. [CNET Networks Jobs Career Page]

I've confirmed yesterday's rumor: Paul Levine is, in fact, leaving Yahoo to join AdBrite. Expect the former general manager of Yahoo Local to boost the online-ad network's efforts in geotargeted advertising, the hot market for placing ads based on a user's physical location. (Photo by James Duncan Davidson/O'Reilly Media)

Veoh, the overhyped, piracy-riddled online-video site, has hired Steve Mitgang, a former SVP at Yahoo. Mitgang, one of the myriad of Yahoos who's taking credit for its Project Panama online-ad system, may be a suit well-suited to make Veoh friendlier to advertisers. Not an easy task.

Paul Levine, we hear, is leaving as general manager of Yahoo Local. His destination? Possibly joining AdBrite, the San Francisco-based online ad network founded by Philip "Pud" Kaplan, who's still better known for starting FuckedCompany. Levine's well-known in the industry as an expert on geotargeting, or locally targeted advertising. If Levine is, in fact, going to AdBrite, does that mean the startup plans to make a move on the market for targeting consumers by locale? Or is Levine just looking for directions out of Yahoo? (Photo by James Duncan Davidson/O'Reilly Media)

Peter Thiel's behind-the-scenes war with Sequoia Capital continues. The latest battleground? Gideon Yu, YouTube's former CFO, had planned to leave after the Google buyout of the online-video site to hook up with Sequoia as a partner. Instead, he's joining Facebook, the social network in which Thiel is an investor and a board member, as its CFO. It's a loss for Sequoia partner Michael Moritz, who has feuded with Thiel's Founders Fund. But it's undoubtedly a gain for Facebook. The social network, whose board members already like to play fast and loose with revenue figures, needs a CFO who's not above a little white lie. Like, say, YouTube's budget. Or what his career plans really are.

What to make of Ross Mayfield's open call for an executive to replace him as CEO of Socialtext, the wiki-software startup? When a founder leaves the CEO role, venture capitalist Fred Wilson has argued, we should say that he's "stepping up," not "stepping down," citing the example of LinkedIn chairman Reid Hoffman. But Mayfield wants to stay on as the company's president, a position of lower rank. It's perhaps a sign of humility that Mayfield would step down to being president. But he'll also stay on as chairman — which would make him simultaneously the new CEO's direct report and boss. It's odd that Mayfield would search openly for a CEO, rather than just announce a replacement once he's identified one. But perhaps Mayfield's murky new role is discouraging candidates. Until he decides whether he's stepping up or stepping down, Socialtext's top spot is one no would would want to step into.

Shoshana Zilberberg-Winter, founder of the "original social networking site" Six Degrees, joins personal video sharing service Motionbox as chief marketing officer. Microsoft refugee Chris Brown joins as vice president of engineering.

If there's one thing Michael Capellas knows, it's how to make money fast. After becoming Compaq's CEO in 1999, he turned the company around — and turned around and sold it to Hewlett-Packard in 2002. Tenure as CEO? Three years. He then joined the bankrupt MCI in December2002. MCI emerged from bankruptcy in 2004, and by February 2005, Capellas sold MCI to Verizon for $7.6 billion. Tenure as CEO? Just over two years. Now, Capellas, most recently an advisor to Silver Lake Partners, was named CEO of First Data Corporation, a payment-processing company recently taken private by KKR. Tenure as CEO? At the rate he's going, Capellas still being the CEO of First Data in 2009 would be a real surprise. (Photo by Ben Baker for Fortune)

Luckily, former PC Magazine editor Jim Louderback won't have to depend on renting out his Vermont vacation home for income. Revision3, the online-video startup founded by Jay Adelson and Kevin Rose, has hired him as its new CEO, a coup Adelson was bragging about at the recent Foo Camp. But we're not buying the spin Louderback's allies are peddling to NewTeeVee — that he jumped to Revision3 rather than getting pushed out of his plush perch at PC Magazine. Here's the evidence for both theories — and your chance to vote in a poll.Here's why: A source estimates his salary at $300K or higher, a big expense for a magazine losing ad pages left and right, and notes that he was commuting from the Bay Area to New York City for the job. That suggests he was pushed. On the other hand, online video is a hot market right now, and a San Francisco job is understandably more appealing — which suggests Louderback jumped. Update: For the record, Jim Louderback emails Valleywag, saying he jumped:

NewTeeVee's Liz Gannes is reporting that recently departed PC Magazine editor Jim Louderback will become CEO at video site Revision3, replacing the Sun Valley-bound Jay Adelson. Also, video personality Veronica Belmont has left troubled CNET to create video for Jason Calacanis's Mahalo. [NewTeeVee]

Jim Louderback is out as editor-in-chief of PC Magazine; Lance Ulanoff, the magazine's reviews editor, is now in charge. Why the change? The cause seems obvious. Louderback, who helped launch the TechTV cable channel and launched Internet TV shows for PC publisher Ziff-Davis, but his multimedia experience wasn't enough to save his job — or PC's still-lucrative print business. Louderback, installed a year ago, presided over a disastrous 34 percent drop in advertising pages, according to Publisher's Information Bureau data. As for Ulanoff's hire, perhaps the reviews czar was deemed friendlier to the magazine's advertisers — though making PC's softball tech coverage softer yet seems like a challenge. Louderback, meanwhile, whose new job has yet to be announced, may have to live off the $900 week rental income from his vacation home in Vermont for a while.

Maybe Facebook really is the new AOL: Ex-AOL exec and "serious poker player" Chamath Palihapitiya joins Facebook as VP of product marketing and operations. [WSJ]

LinkedIn makes another hire from Yahoo: Anil Khatri, a VP of engineering for advertising systems. Tell us, readers: Is he as nasty as Patrick Crane? [SFGate.com]

Google, which would like to remind everyone that it's not cannibalizing Old Media, cannibalized Old Media this week by hiring former TIME Magazine president Eileen Naughton to head its ad sales department in New York City.