Cable Network President Steps Down B&C
The president of one of the top basic cable networks is leaving his post. B&C reports that the head of the family-oriented and teen-focused ABC Family, part of the Disney-ABC Television Group, is headed out. Michael Riley will remain on the job while the channel searches for his replacement.
The cable channel announced Riley's exit today, indicating he is leaving to explore the possibility of a position with a more international focus.
Said Anne Sweeney, co-chairman, Disney Media Networks, and president, Disney/ABC TV Group: "Michael has been a great leader over the past six years at Radio Disney and ABC Family, and his contributions will be felt for years to come. While we understand and support his decision to leave, it will be sad to see him go. We wish him the best of luck on his next adventure."
Riley has held the ABC Family post since 2010, and has been with The Walt Disney Co. for six years.
The report adds: "Riley leaves ABC Family as it's coming off a strong summer, having launched the top new cable TV series of the summer 'The Fosters,' and with the network ranking first in prime time among women 18-34. He is the second Disney-ABC executive to depart on Friday, following news that ABC reality chief John Saade was exiting that network."