MTV Networks CEO Judy McGrath resigns immediately, no replacement named

By on May 6, 2011 in Entertainment, Television, United States Comments

MTV Networks CEO Judy McGrath was reported to have resigned immediately on Thursday, May 5, 2011, with no replacement being named.

Judy McGrath
Image Credit: Jessica Rinaldi/Reuters

According to US news sites on the same day, Judy McGrath, who joined MTV Networks in 1981 and was named CEO in 2004 resigned abruptly and will be not replaced.

McGrath, 59, left MTV Networks, a cable TV responsible for shows like ‘SpongeBob SquarePants’, ‘Jersey Shore’ and ‘The Daily Show with Jon Stewart’.

On a released statement obtained by Deadline, Judy McGrath thanked all her friends and colleagues on the senior team, and that she takes pride in being a part of MTV Networks.

“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.” Judy McGrath said on the statement.

“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.” McGrath added, but did not mention details of her next venture.

Meanwhile, Viacom President and CEO Philippe Dauman announced that Judy McGrath will not be replaced and was reported to be looking into the company’s cable divisions.

“Effective immediately, Doug Herzog, President, MTVN Entertainment Group; Van Toffler, President, MTVN Music & Logo Group; and Cyma Zarghami, President, Nickelodeon & MTVN Kids & Family Group – each of whom have successfully led their teams for many years and all of whom have moved their organizations forward creatively and operationally – will report directly to me.’ Philippe Dauman said on a statement, also obtained by Deadline.

“I know you join me in a heartfelt farewell to Judy, an admired and valued colleague whose accomplishments at MTV Networks and in our industry will never be diminished or forgotten.” Philippe Dauman added.

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