HUB President and CEO Margaret Loesch Stepping Down
Posted: Sat Jun 14, 2014 5:02 amMaking the news on quite a number of entertainment websites around, we can report that the current CEO and president of the extremely successful and award-winning Hasbro and Discovery Communications TV channel, has announced her departure from the company. Read more on the future of the home of Transformers: Prime and re-runs of old 80s series (and possibly the coming Robots in Disguise show) below, or head to Deadline for the full story.
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.
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“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.”
