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A&E Networks Chairman Abbe Raven to Retire (THR)
Cable pioneer Abbe Raven is set to retire. Her last day as chairman of A&E Networks will be Feb. 2. The news comes nearly a year after Raven’s protégé, Nancy Dubuc, was elevated to CEO and Raven to chairman. Deadline Hollywood Dubuc took oversight of the day-to-day operations of the company, while Raven remained in charge of A&E Networks’ long-term business and revenue opportunities, including distribution, as well as public policy initiatives and corporate outreach. A year ago, Dubuc also took over distribution. She will remain president and CEO. Variety Raven’s role as chairman will not be filled. Raven is without question one of key architects of A&E Networks’ growth, particularly in the past 15 years. The company, a joint venture of Hearst Corp. and Disney, is home to some of cable’s most prosperous channels, but as a private concern it is shielded from quarterly earnings scrutiny. Under Raven and Dubuc, A&E has rapidly expanded its domestic and international portfolio, which generates an estimated $3.8 billion in annual revenue. TheWrap Prior to her position as president and CEO, Raven held high level executive roles at the company’s properties A&E Network, The Biography Channel and The History Channel. WSJ The handoff also comes at a challenging time. After setting cable-television ratings records last year with hits like Duck Dynasty on A&E and The Bible on History, the company’s two biggest channels have endured sharp declines this year. A&E’s ratings are down 32 percent so far this year in total viewers and 25 percent in its target demographic of 25- to 54-year olds, while History’s ratings are down 15 percent in both total viewers and those 25 to 54.