Storyline
STEVEN A. LOCASCIO NAMED CHIEF OPERATING OFFICER AND STEPHEN HACKETT NAMED PRESIDENT OF SALES FOR CBS TELEVISION DISTRIBUTION
LOS ANGELES, JULY 7, 2016 – CBS Television Distribution (CTD) announced today that Steven A. LoCascio has been named Chief Operating Officer and Stephen Hackett has been named President of Sales for CBS Television Distribution (CTD). Both executives will report to Paul Franklin, who was announced yesterday as President of CBS Television Distribution.
LoCascio is promoted from Executive Vice President and CFO, a position he has held since 2006. In his new role, he will be responsible for running the day-to-day operations of CTD and guiding its strategic direction while working closely with the division’s business, finance, administration and information technology functions. LoCascio will also continue in his role as CFO of worldwide distribution including CBS Studios International.
Before the 2006 merger of King World and CBS Paramount Domestic Television into CTD, LoCascio was Executive Vice President and CFO of CBS Enterprises and King World Productions. Previously, LoCascio had been King World’s Senior Vice President and CFO since 1995, and later added the responsibilities for CBS Enterprises following the merger with CBS in 1999.
Hackett, who had been Executive Vice President and National Sales Manager for CTD since 2007, will now oversee all of the Division’s broadcast syndication sales efforts for first-run and off-network programming, a portfolio comprised of six of the top 10 series in first-run syndication and an off-network library of 70,000 hours of programming.
Hackett succeeds Joe DiSalvo who has served as President of Sales since 2002 and most recently led the division’s sales efforts in successfully renewing key CTD series through 2020. DiSalvo will transition to an advisor role with the Company.
Hackett was previously Senior Vice President and Southwest Regional Sales Manager. Hackett first joined King World (which merged with CBS Paramount Domestic Television in September 1996 to become CTD) as an account executive in Dallas in August 1990. He has held various positions in the company during his tenure, including Manager of Southwest Sales, Vice President of Southwest Sales and Senior Vice President Western Region.
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About CBS Television Distribution:
CBS Television Distribution (CTD) is the preeminent company in television syndication. CTD produces or distributes 10 first-run series and holds the largest distributed television library, at 70,000 hours strong. Among CTD’s critically acclaimed programs are the #1 syndicated series JUDGE JUDY; talk leader DR. PHIL; the #1 and #2 rated game shows WHEEL OF FORTUNE and JEOPARDY!; the Emmy Award-winning talk shows RACHAEL RAY and THE DOCTORS; the #1 and #2 newsmagazines ENTERTAINMENT TONIGHT and INSIDE EDITION, along with THE INSIDER; the court show HOT BENCH; and popular off-network product, including the CSI, NCIS and STAR TREK franchises, EVERYBODY LOVES RAYMOND, FRASIER, CRIMINAL MINDS, ELEMENTARY, THE GOOD WIFE, BLUE BLOODS, HAWAII FIVE-0, HOT IN CLEVELAND and UNDERCOVER BOSS. In addition, CTD handles the domestic television distribution of CBS News, CBS Films and Showtime. CTD is a unit of CBS Corp.
About CBS Corporation:
CBS Corporation (NYSE: CBS.A and CBS) is a mass media company that creates and distributes industry-leading content across a variety of platforms to audiences around the world. The Company has businesses with origins that date back to the dawn of the broadcasting age as well as new ventures that operate on the leading edge of media. CBS owns the most-watched television network in the U.S. and one of the world’s largest libraries of entertainment content, making its brand — “the Eye” — one of the most recognized in business. The Company’s operations span virtually every field of media and entertainment, including cable, publishing, radio, local TV, film, and interactive and socially responsible media. CBS’s businesses include CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), CBS Television Studios, CBS Global Distribution Group (CBS Studios International and CBS Television Distribution), CBS Consumer Products, CBS Home Entertainment, CBS Interactive, CBS Films, Showtime Networks, CBS Sports Network, Pop (a joint venture between CBS Corporation and Lionsgate), Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio and CBS EcoMedia. For more information, go to www.cbscorporation.com.
Press Contacts:
John A. Wentworth
310-264-3402
Leslie Ryan
310-264-3406
