Steve LoCascio, president of CBS Media Ventures (CMV), is retiring after 34 years with the company in its various iterations.
“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 we’d even have to specify broadcast television) or that Oprah would have retired before me, and we’d find a new generational daytime voice in Drew Barrymore, whom the LA Times dubbed the ‘millennial Oprah,’” LoCascio wrote in a memo to staff that went out Monday morning.
