3:23 p.m.Tom Ascheim named president of ABC Family:
The former C.E.O. of Newsweek, Tom Ascheim, has been named president of Disney's ABC Family channel, the company announced this afternoon.
Ascheim will be charged with running day-to-day operations and programming at the cable channel, which targets millennials, with an emphasis on female viewers.
He served as Newsweek's C.E.O. from 2007 to 2011, where he was involved in the magazine's sale to The Daily Beast. Before he joined Newsweek he was executive V.P. and G.M. at Nickelodeon Television, where he got his start in the TV business, and where he first worked with his new boss, Disney/ABC TV group chief Anne Sweeney. Following Newsweek's sale in 2011, he joined "Sesame Street" owner Sesame Workshop as chief strategy officer.
“I knew Tom during my time at Nickelodeon, and always thought he was an incredibly smart, strategic executive," said Sweeney in a statement. "Since then, he has only reinforced my opinion of his abilities. Whether in print, television, or the financial sector, Tom has gone from success to success."