Warner Bros. Discovery, struggling to make the transition to the streaming era, has tapped an old-school cable TV exec for its board. WBD announced that Ken Lowe, ex-CEO of cable TV network group S…
, struggling to make the transition to the streaming era, has tapped an old-school cable TV exec for its board., ex-CEO of cable TV network group Scripps Networks Interactive, is joining the media company’s board of directors. Lowe will join WBD’s board effective April 2, 2023, as a Class I director and stand for election at it 2023 annual shareholders meeting.
Lowe was chairman, president and CEO of Scripps Networks — owner of basic-cable brands including Food Network, HGTV and Travel Channel — from its split with the E.W. Scripps Co. in 2008 until its sale to Discovery in 2018 for $14.7 billion. He was also a member of the Discovery board from March 2018 until the closing of. Lowe was CEO of E.W. Scripps from 2000-08. Before that, he was chairman and CEO of Scripps Networks, where he built the company’s portfolio of lifestyle networks.
“Ken is a widely admired media visionary with tremendous experience in building, integrating and growing global media businesses,” Samuel Di Piazza Jr., Warner Bros. Discovery chair, said in a statement. “As the company looks to advance its strategic priorities, Ken’s entrepreneurial spirit, deep industry knowledge and distinctive insights into the WBD brands make him a uniquely valuable addition to the board.
Commenting on Bennet’s exit from the board, WBD president/CEO David Zaslav, said, “Dob Bennett has been a hugely valued adviser and partner to our board and to me on this exciting nearly two-decade journey of building Discovery, which culminated in our acquisition of the WarnerMedia business in 2022 to create WBD. I am enormously grateful to him for his steadfast support, contributions and guidance that helped pave this path of long-term value creation for our stockholders.
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