Head of ABC Family Channel Resigns
Maureen Smith, president of ABC Family Channel, resigned as president of the cable network, which was acquired by Walt Disney Co. and renamed this year.
Smith, 37, had been president since September 2000. She said she had planned to step down after Disney acquired the channel as part of its $5.2-billion acquisition of Fox Family Worldwide last year from News Corp. and Saban Entertainment. Disney said a replacement would be named this week.
Disney shares closed down 34 cents at $22.86 on the NYSE.
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