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Hub President/CEO Margaret Loesch Steps Down

Written by Zechs on Thursday, June 12 2014 and posted in News with Benefits

Hub President/CEO Margaret Loesch Steps Down

The executive who oversaw the birth of and ran the HUB Network for the first four years is stepping down from the position at the end of 2014.

Source: HUB President & CEO Margaret Loesch To Exit

Deadline is reporting that HUB President and CEO Margaret Loesch will step down from her job at the end of 2014. Loesch took the fledging Discovery Kids network and rebranded it (with help from the toy company Hasbro) into the HUB Channel. For five years, the programing run on the network has been a golden age for cartoon fans, mixing modern shows like Transformers: Animated, G.I. Joe RenegadesMy Little Pony: Friendship is Magic (editors's note: Zechs' favorite), and Dan Vs. Aquabats!, with older shows like Transformers, Jem, and G.I. Joe, along with classic Warner Bros. cartoons from the 90s (Tiny Toons, Batman: The Animated Series, Animaniacs, Batman Beyond, Men in Black, Superman: The Animated Series, and more).

Loesch herself has had a LONG career in the animation and young adults television business. She was at Marvel Productions as President/Chief Executive Officer in the mid 80s. Due to that position, she was no doubt one of the guiding forces in bringing Spider-Man: The Animated Series and X-Men: The Animated Series over to Fox Kids, which she ran from 1990 to 1997.

Her executive prodcer credits include a lot of classic 80s to current TV from: Transformers, G.I. Joe, Jem, Inhumannoids (YEEEESSSS!! Where's my Blu Ray set Shout! Factory?! Dangit?!), Muppet Babies, My Little Pony (just the 80s verison), G.I. Joe: Renegades, and Pryde of the X-Men.

For those terrified that this could mean another Stu Snyder takeover, thankfully Deadline theorizes another Discovery executive, Tom Cosgrove, is in line. Though Deadline does also plant seeds of dread that the network could be rebranded yet again. Here's what Loesch said about the departure:

“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.”


In honor of that here are some of the highlights the HUB Channel under her term has given us (and being completely bias toward this):

(WRITER'S NOTE: Wait that's Transformers: Prime Megatron's favorite song? NOOOOOOOOOOOOOO!!!!!!!!)


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About the Author - Zechs

Zechs is the lord and master of The Toy Shed, Moment of the Week, and Durnkin Reveewz. He's also the official whuppin boy at the Outhouse. So he'll get stuck seeing stuff that no mere mortal should ever see. If there's any greater quality to Zechs, it's that he's an avid fan of comic book characters and would defend them to the bitter end against the companies that use them wrongly. He's also brutally honest. Zechs walks the lonely path in Chicagoland area.


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