One of the most powerful names in television, MTV Networks chairman and CEO Judy McGrath — who joined the company as a copywriter back 1981 — has officially announced that she’s stepping down. According to Viacom, she will not be replaced; instead, MTV division heads will report directly to Viacom president and CEO Philippe Dauman.
From McGrath’s official statement: “The people of MTV Networks have always been singularly important to me. Together we have built world-class brands that connect with fans from kid to adulthood, from SpongeBob to Hot In Cleveland, from Unplugged to The Daily Show. We have attracted and nurtured the best talent in the world, and I know that will always be a hallmark of the company. Creatively, financially, all the brands and businesses are in wonderful shape today. I leave with pride, joy and gratitude for the ride of a lifetime. I especially thank my friends and colleagues on the senior team, who will continue to lead a kick-ass organization. They have my respect and affection, always.” [via THR]