A+E Networks CEO Nancy Dubuc is leaving the company in April, A+E confirmed Monday, and is reportedly in advanced talks to take the reins as chief executive of Vice Media.
Longtime A+E executive Abbe Raven, who retired in 2015, will step in as interim chief until a replacement for Dubuc is named.
Dubuc spent nearly 20 years at A+E Networks, serving as CEO of the cable channel group since 2013. A+E Networks, jointly owned by Walt Disney Co. and Hearst Corp., is home to channels including A&E Network, History, and Lifetime.
Variety first reported that Dubuc may replace Vice Media co-founder Shane Smith as CEO of the digital media company. Last year, Dubuc was said to have been in the running to head Amazon Studios, but that job ultimately went to NBC Entertainment President Jennifer Salke.
Smith will likely remain at Vice Media, possibly as the company’s chairman, according the New York Times.
“In her roughly 20 years at A+E Networks, Nancy played a major role in building the success of A&E, History and Lifetime, and we thank her for her leadership,” said Hearst CEO Steven Swartz and Ben Sherwood, co-chair of Disney Media Networks and president of Disney/ABC Television, in a joint statement. “We are also very grateful to Abbe, a former CEO of the company and one of A+E’s first employees, for agreeing to return on a temporary basis as acting chair.”
For her part, Dubuc in a statement said she has called A+E Networks home for nearly 20 years, but that she needs to take on her next challenge.
“Anyone who knows me well, knows I am an entrepreneur, creator, rebel and disruptor at heart. I have a famous neon sign in my office that blares ‘Who dares wins.’ After 20 years at A+E the hardest thing will be to leave the people and company I love,” Dubuc said. “But, as a creative executive and leader, and to stay true to my personal mantra, I need my next dare and my next challenge.”
“I owe an enormous debt of gratitude to our owners at Hearst and The Walt Disney Company for their unwavering support and belief in me over my long career here. I’d especially like to thank Steve and Ben for supporting my decision to write my next chapter,” she added.