Margaret Loesch to Exit as Hub Network Chief

Margaret Loesch will step down as prexy-CEO of Hub Network at year’s end when her contract expires.

The kidvid vet spearheaded the launch of the joint venture between Discovery Communications and toy maker Hasbro in October 2010. The cabler, formerly Discovery Kids, has had an uphill climb in its effort to compete ratings-wise with entrenched rivals Disney Channel, Nickelodeon and Cartoon Network. Advertising dollars in the kids TV arena have also been dwindling as marketers react to the fact that younger viewers spend so much more of their time on digital platforms.

But at its core the Hub joint venture is profitable for its partners, thanks to the combination of affiliate fees, advertising and the impact that the exposure for programming tied to Hasbro brands has on retail sales. (Three words: My Little Pony.)

“I am very proud of the work we have done and the accomplishments we have achieved at the Hub. The network is now in excellent financial shape, its ratings are up year-to-year, our programming has won more than 30 awards, including 12 Daytime Emmys, and the Hub Network has become a TV home for quality programming that kids and their families come together to enjoy,” Loesch said in a statement. “I have loved my job and am proud of the achievements we’ve made. While my career has spanned over four decades, I look forward to evaluating future opportunities and writing the next chapter.”

Loesch is highly regarded by Discovery execs and her decision to step down was reached by mutual agreement.

“Margaret is a terrific executive and a terrific leader,” Discovery Communications CEO David Zaslav said. “She has done a superb job at the Hub and we are sorry to see her go. We’re confident in the team that is there now and we know that this platform has its best days ahead.”

There’s no word yet on a successor, as Discovery intends to mount a search with Loesch’s assistance.

News of Loesch’s plan to step down was first reported by Deadline.

More TV

  • Godless

    TV Review: 'Godless' on Netflix

    Margaret Loesch will step down as prexy-CEO of Hub Network at year’s end when her contract expires. The kidvid vet spearheaded the launch of the joint venture between Discovery Communications and toy maker Hasbro in October 2010. The cabler, formerly Discovery Kids, has had an uphill climb in its effort to compete ratings-wise with entrenched […]

  • The Office

    TV News Roundup: Comedy Central Acquires All Nine Seasons of 'The Office'

    Margaret Loesch will step down as prexy-CEO of Hub Network at year’s end when her contract expires. The kidvid vet spearheaded the launch of the joint venture between Discovery Communications and toy maker Hasbro in October 2010. The cabler, formerly Discovery Kids, has had an uphill climb in its effort to compete ratings-wise with entrenched […]

  • 50 Cent Power

    Curtis '50 Cent' Jackson Extends Overall Deal With Starz

    Margaret Loesch will step down as prexy-CEO of Hub Network at year’s end when her contract expires. The kidvid vet spearheaded the launch of the joint venture between Discovery Communications and toy maker Hasbro in October 2010. The cabler, formerly Discovery Kids, has had an uphill climb in its effort to compete ratings-wise with entrenched […]

  • Megyn Kelly

    Megyn Kelly Sees Ratings Lift With Donald Trump Accusers Interview

    Margaret Loesch will step down as prexy-CEO of Hub Network at year’s end when her contract expires. The kidvid vet spearheaded the launch of the joint venture between Discovery Communications and toy maker Hasbro in October 2010. The cabler, formerly Discovery Kids, has had an uphill climb in its effort to compete ratings-wise with entrenched […]

  • Tavis Smiley Suspended by PBS Amid

    PBS Suspends 'Tavis Smiley' Following Sexual Misconduct Investigation (EXCLUSIVE)

    Margaret Loesch will step down as prexy-CEO of Hub Network at year’s end when her contract expires. The kidvid vet spearheaded the launch of the joint venture between Discovery Communications and toy maker Hasbro in October 2010. The cabler, formerly Discovery Kids, has had an uphill climb in its effort to compete ratings-wise with entrenched […]

  • Variety Best TV Shows of 2017

    The Best TV Shows of 2017

    Margaret Loesch will step down as prexy-CEO of Hub Network at year’s end when her contract expires. The kidvid vet spearheaded the launch of the joint venture between Discovery Communications and toy maker Hasbro in October 2010. The cabler, formerly Discovery Kids, has had an uphill climb in its effort to compete ratings-wise with entrenched […]

  • Gunpowder

    TV Review: Kit Harington in HBO's 'Gunpowder'

    Margaret Loesch will step down as prexy-CEO of Hub Network at year’s end when her contract expires. The kidvid vet spearheaded the launch of the joint venture between Discovery Communications and toy maker Hasbro in October 2010. The cabler, formerly Discovery Kids, has had an uphill climb in its effort to compete ratings-wise with entrenched […]

More From Our Brands

Access exclusive content