Fox Kids Euro chief ankles

Departing Steinberg responsible for rev gains

This article was updated at 10:05 p.m.

AMSTERDAM — Fox Kids Europe chairman-CEO Bruce Steinberg has abruptly ankled the company he helped steer toward double-digit revenue gains and a substantial profit rise in its last reporting period.

An FKE spokesman said discussions between Steinberg and the company’s supervisory board were continuing but that he would leave immediately.

It is not known if Steinberg, who became CEO in December 2002, resigned or was forced out by the supervisory board, which he joined in February 2003. He was considered a strong and independent exec on a board stacked with five other senior Walt Disney toppers.

Paul Taylor, group managing director and exec veep for FKE, will take over as CEO on an interim basis.

In its half-year reporting period ended March 31, FKE increased its profits from $1.5 million to $9.6 million year on year. Steinberg also helped FKE complete the European rollout of its new brand name, Jetix.

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