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A&E Founder Davatzes to Retire

Mar 15, 2005  •  Post A Comment

Arts & Entertainment Television Networks founder Nickolas Davatzes announced Tuesday that he will retire April 1 and that his successor will be Abbe Raven, now president of A&E Network USA.

Mr. Davatzes, who turned 63 on March 14, will remain an adviser to the company and will work on cable industry issues. He said the company now generates revenues of more than $1 billion and had a record year in 2004.

Ms. Raven has been with the company since its launch in 1984 and has been in her present position since 2002. She oversaw a turnaround at the network, which had slumped after losing “Law & Order” to TNT, by launching a series of reality shows, including “Dog the Bounty Hunter” and “Growing Up Gotti.” Ms. Raven said she has not yet decided on naming a new head at A&E.