CBS Media Ventures president Steve LoCascio is retiring after more than three decades at the company — having first joined predecessor King World back in 1989. LoCascio’s replacement will be named …
“If you had asked me when I started as controller of King World in 1989 what would the television business look like 30-plus years from then, I would never have guessed that ‘Wheel of Fortune’ and ‘Jeopardy’ would be the top two most-watched series on broadcast television or that Oprah would have retired before me,” LoCascio quipped in a memo to employees.
LoCascio has served as president of CBS Media Ventures since 2020, overseeing its day-to-day operations — including first-run station and advertising sales, marketing, promotion, programming and development. The first-run syndication arm of CBS produces and/or distributes long-running series including “Entertainment Tonight,” “Wheel of Fortune,” “Jeopardy!” and “Inside Edition,” as well as relative newcomer “The Drew Barrymore Show.
“Steve has been a steward of a business that touches the lives of viewers every day and drives significant revenue for our company,” Cheeks said in his memo. “A career that played a meaningful role in iconic series such as Oprah, ‘Judge Judy,’ ‘Wheel’ and ‘Jeopardy!’ is truly one to be celebrated. But even more important is the way Steve did it.
I am incredibly proud of this team and everything our division has accomplished over the years. The creativity and innovation that has come out of this team is second to none. Notably, we launched “The Drew Barrymore Show” during a global pandemic, then pivoted with a successful genre-busting format change last year, which led to huge ratings success and critical praise. We created a diginet, Dabl, from the ground up, drawing on everyone’s specialized talent in this division.
In the meantime, I am not going anywhere immediately , and will be available to assist during the transition. I’ve had a fantastic career at King World/CBS/Paramount where I am thankful to say not only did I encounter great colleagues, but also great friends. I want to thank the late Roger King for giving me this opportunity; Armando Nunez for his friendship and guidance over our many years together; and most recently George Cheeks for his support over the past three-plus years.
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