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Hub Future Murky Amid Founding CEO Exit

By | Tuesday June 17, 2014 @ 8:21pm PDT
Nellie Andreeva

Hub Future Murky Amid Founding CEO ExitAlmost a week after Hub Network president and CEO Margaret Loesch announced that she will be stepping down at the end of the year, speculation about the future of the upstart kids cable channel — a co-venture between Discovery Communications and toy maker Hasbro  — is growing. At the time of Loesch’s announcement, I was hearing the name of Discovery veteran Tom Cosgrove — CEO of another Discovery co-venture channel, 3D Television Network — as a potential replacement. Cosgrove continues to be rumored for the job. Complicating a potential hire is the fact that 3D is a three-way venture of Discovery, Sony and Imax, but I hear Discovery has been exploring becoming a majority or sole owner of the fledgeling 3D TV channel. There is talk that Hub might be put under the purview of Henry Schleiff, group president of Investigation Discovery, Destination America, American Heroes Channel (formerly Military Channel) and Discovery Fit & Health. He only recently added Fit & Health to his portfolio, so oversight of Hub would further expand his turf, with Cosgrove possibly reporting to him. Read More »

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HUB President & CEO Margaret Loesch To Exit

By | Thursday June 12, 2014 @ 6:41am PDT
Nellie Andreeva

loesch1EXCLUSIVE: Hub Network president and CEO Margaret Loesch will be stepping down at the end of the year. The veteran executive oversaw the 2010 launch of the kids cable network, a joint venture between Discovery Communications and toymaker Hasbro, and has run it ever since. Loesch’s departure raises further questions about the future of the upstart kids cable network, which has been plagued by rumors  that it may be shutting down. Hub, which replaced Discovery Kids, is not commenting on its plans for the future, though I’m hearing the name of a Discovery veteran — Tom Cosgrove, CEO of another Discovery co-venture channel, 3D Television Network — as a potential replacement. Hub_Network_LogoThere is talk that Hub, which reaches nearly 73 million U.S. homes, may be re-branded, with its headquarters, currently based in Burbank, potentially moving to Discovery’s home base in Silver Spring, MD.

“After five years at the Hub Network as its founding President & CEO, I am announcing that I will be leaving at the end of the year when my contract expires,” Loesch said in a statement to Deadline. “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. I will be working closely with our parent companies, Discovery and Hasbro, to assist in the leadership transition. I want to thank both companies for the opportunity they extended me and thank my wonderful team at the Hub. 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.”

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