margaretloesch margaretloesch

Margaret Loesch Is Stepping Down As Hub Network President

Margaret Loesch, a forty-year children’s TV veteran, has announced that she will step down as the founding president and CEO of the Hub Network when her contract expires at the end of this year. The five-year-old channel, which is co-owned by toy manufacturer Hasbro and Discovery Communications, has struggled to compete with cable stalwarts like Disney, Nickelodeon and Cartoon Network, although several of its shows have performed reasonably well, including My Little Pony Friendship Is Magic and Transformers Prime Beast Hunters.

After losing between $6-7 million per year, the network has achieved profitability, according to Hasbro. “The network is now in excellent financial shape,” says Loesch. “Its ratings are up year-to-year, our programming has won more than 30 awards, including 12 Daytime Emmys, and the Hub Network has become a TV home for quality programming that kids and their families come together to enjoy.” Despite these claims, hardly anyone is looking at the Hub. The network averaged less than 150,000 daily viewers last month. During a random week in May, not a single one of its shows besides My Little Pony managed to achieve greater than a 0.1 U.S. household rating.

Loesch’s departure has sparked speculation about what will happen to the Hub; industry observers suspect that the network will significantly revamp its programming lineup, and the channel could move its headquarters from Burbank to Silver Spring, Maryland, where its parent company Discovery is based. No replacement has been named, but Deadline reported that Tom Cosgrove, who runs Discovery’s 3D Television Network, is a top candidate for the job.

  • Toonio

    Smells like power play or potential divest.

  • Roberto Severino

    Not sure what this will mean but if they can bring back Dan Vs. and make other cartoons like that, then I’d be pretty happy along with MLP being a good show and all. There would be something for everyone with that kind of cartoon line up.

  • Hasbro should be fine as long as they keep Stephen Davis on board. Discovery, I’m not so sure.

    • Jeremiah Bullfrog

      Yup, can’t wait for some good ideas from Discovery Communications such as “Breaking Kansas” with fashionista Dorothy visiting a magical place where a Wicked Witch, along with her Flying Monkey husband, envy her ruby red heels and a cartoon based on “Honey Boo-Boo” with the toddler and her mom stealing pic-a-nic baskets. Honestly not sure if The Hub has any staying power since Cartoon Network, Nick, and Disney are already well established with kids and the companies that own them have tons of popular franchises where Hasbro only have a couple shows based on popular toys in contrast to Disney, which have Mickey, the princesses, Star Wars, Marvel, Pixar, etc.I’ll give it a few more years and hope The Hub doesn’t turn dysfunctional like ABC Family.

  • DJ

    Margaret Loesch was behind that spectacular 90s Fox Kids lineup, right?

  • AJ

    I hope this means that Dan Vs. will return. How is it that the show is off the air while it’s been collecting award wins and nominations?

    Such an underrated show. Dan Vs. >> MLP, period.

  • Metoş

    I hope this doesn’t mean live-action shows on The Hub…

    • Eric McInnis

      Aren’t there already live-action shows?

      • nevilleross

        And who cares if there are any live-action shows? The big four used to have a mixture of animated and live action all of the time in the past-what wrong with that now?