Hub Future Murky Amid Founding CEO Exit

Almost 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. (more…)

This article was printed from https://deadline.com/2014/06/hub-future-uncertain-founding-ceo-exit-791710/