Is there more to Ross Levinsohn's sudden departure from News Corp?

The question of why Ross Levinsohn resigned his post as head of News Corp's Fox Interactive unit is floating around again and some believe that he may have been canned by News Corp lifer, Peter Chernin for raising cash on the side. What did Chernin want a taste or something? Our friends at Dealbreaker.com came across an interview with Red Herring's Tony Perkins, which they say shines new light on the Levisohn departure. Here’s what Perkins tells the D7TV interviewer: “He got raising money for another deal. So the chief operating officer Peter Chernin, who works for Rupert as his right hand man—when his kids aren’t running the place, called Ross into his office and said, ‘Is this true, that you’re raising this half a billion dollar roll-up fund?...And he [Chernin] goes, ‘Are you either in or your out?’ And he [Levinsohn] said, ‘Well, I guess I’m out.” Was Ross Levinsohn Fired For Raising His Own Fund? [DealBreaker]