Walt Disney Co. announced Wednesday it has hired Tom Ascheim as its new President of ABC Family, replacing Michael Riley, who said in September that he was stepping down.
Ascheim, who was EVP and General Manager of Nickelodeon Television, as well as CEO of Newsweek, begins immediately.
Ascheim will report Disney Media Networks Co-Chair Anne Sweeney, with whom he worked at Nickelodeon in the 1990s.
After a long career at Viacom and Nick, he left the company to join Newsweek in 2007 as CEO. Ascheim was left Newsweek after its ultimately unsuccessful merger with The Daily Beast, and went on to serve as the Chief Strategy Officer at Sesame Workshop.
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