×
You will be redirected back to your article in seconds

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

  • HBO Asia and Catchplay Team up

    HBO Asia and Catchplay Team up for ‘The World Between Us’

    Pan-regional pay-TV group HBO Asia and Taiwan-based streaming video company Catchplay are to jointly distribute Taiwanese crime drama “The World Between Us.” The 10-part series will air from March. Directed by award-winning filmmaker Lin Chun-Yang (“The Soul If Bread”) and written by the Lu Shih-Yuan (“Dear Ex”), “World” plunges into the aftermath of a mass [...]

  • BTF Media, Vince Gerardis Pact Sign

    NATPE: BTF Media, Vince Gerardis Pact for Six Projects (EXCLUSIVE)

    MIAMI — BTF Media, producer of breakout series “Hasta Que te Conocí” and “El Secreto de Selena,” is teaming with Vince Gerardis, a co-executive producer with George Martin on “Game of Thrones,” on a six-project co-production alliance. Spearheaded at BTF Media by founder-partner Ricardo Coeto, the agreement takes in the development and co-production of the [...]

  • First Look at SAG Awards' Cuban

    First Look at SAG Awards' Cuban-Inspired After-Party (EXCLUSIVE)

    Celebrities at this year’s SAG Awards won’t have to go far for some tropical fun. Sunday’s annual post-show gala, hosted by People magazine for the 23rd year, is set to feature a Cuban-themed party space adjacent to the Shrine Auditorium. “We’re kind of going back to more of a thematic element. I have some close [...]

  • Young Tony Soprano in 'Sopranos' Movie:

    James Gandolfini's Son Michael Gandolfini Cast as Tony Soprano in 'Sopranos' Movie

    Michael Gandolfini, son of the late James Gandolfini, will play the young Tony Soprano in “The Many Saints of Newark,” the  prequel movie to the television series “The Sopranos.” “It’s a profound honor to continue my dad’s legacy while stepping into the shoes of a young Tony Soprano,” Gandolfini said. “I’m thrilled that I am [...]

  • Ray Romano

    TV Roundup: Netflix Releases First Trailer For New Ray Romano Stand Up Special (Watch)

    In today’s TV News Roundup, Netflix teases new stand up special “Ray Romano: Right Here, Around The Corner.” FIRST LOOKS Ray Romano returns for his first stand up comedy special in 23 years with “Ray Romano: Right Here, Around The Corner.” Doing two shows in one night in Manhattan, Romano riffs on friends, marriage, and [...]

More From Our Brands

Access exclusive content