Yahoo is losing yet another top executive–Toby Coppel, its EVP and managing director of Europe and Canada, is set to announce today that he is stepping down.

The departure, which has been in the works for months, is not related to the recent news that Yahoo CEO Jerry Yang is also relinquishing his job as soon as the company completes its search for another CEO.

His successor will be Rich Riley, who is currently SVP of Europe’s Advertiser & Publisher Group, which put him in charge of all revenues for the division.

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Here’s the internal Yahoo memo from President Sue Decker about the stepping down of Yahoo European head, Toby Coppel, which BoomTown wrote about here.

The departure, which has been in the works for months, is not related to the recent news that Yahoo CEO Jerry Yang is also relinquishing his job as soon as the company completes its search for another CEO.

His successor will be Rich Riley, who is currently SVP of Europe’s Advertiser & Publisher Group.

Here’s the memo.

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The Mobuzz.tv survival saga continues and the verdict is: It is down but not out…yet.

Last week, the producer of free online video shows, based in Spain, has been essentially panhandling its users, asking in a series of videos for five euros each to keep it afloat until it can get more funding. Mobuzz wanted to raise 120,000 euros by this week.

And while it only has gotten about one-fourth–or 33,000 euros–of the way there, despair not! Mobuzz’s Anil de Mello says it will flippity-flop on, even as it is creating some of the more compelling content on the Web of late related to its death throes.

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