MTV parent company Viacom said that it will not be replacing Judy McGrath, the chairman and CEO of MTV, who resigned yesterday.
McGrath is leaving MTV after a 30-year stint the cable channel group having joined in 1981, the year the original MTV channel launched.
The executives in charge of MTV Networks’ operating units Doug Herzog, president, MTVN Entertainment Group; Van Toffler, president, MTVN Music & Logo Group; and Cyma Zarghami, president, Nickelodeon & MTVN Kids & Family Group will now report directly to Viacom president and CEO Philippe Dauman.
Creatively, financially, all the brands and businesses are in wonderful shape today, McGrath said. I leave with pride, joy and gratitude for the ride of a lifetime. I especially thank my friends and colleagues on the senior team, who will continue to lead a kick-ass organization.
Dauman said: “We will all miss Judy enormously, but we respect her decision and understand her desire to leave at the very top of the game with a legacy of success that stretches from the earliest days of cable television to current season highlights.
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