NEW YORK -(Dow Jones)- The president of ABC Family is set to resign in the wake of an organizational shakeup aimed at improving the performance of the Walt Disney Co.-owned (DIS, news) cable channel, the Los Angeles Times reports in its Monday edition.
According to the report, Disney is expected to announce this week that Angela Shapiro will step down, sources familiar with the matter said.
Neither Shapiro nor Disney executives would comment, the report said.
The Wall Street Journal reported Monday that Shapiro is expected to leave Disney imminently.
Shapiro's departure was widely anticipated since the company's announcement earlier this month that it was folding ABC Family into the ABC Cable network group, the Times reported.
According to the report, the cable group is overseen by Anne Sweeney, whose profile within Disney has been enhanced by the success of the Disney Channel. By placing Sweeney in charge of programming, Disney effectively scaled back Shapiro's responsibilities, leaving her with a different job than the one to which she was named in March 2002.
The report cited sources as saying Disney tried to persuade Shapiro to stay on as president or accept some other job within the company.
Dow Jones Newswires
10-27-03 0753ET
Copyright 2003 Dow Jones & Company, Inc. All Rights Reserved.
According to the report, Disney is expected to announce this week that Angela Shapiro will step down, sources familiar with the matter said.
Neither Shapiro nor Disney executives would comment, the report said.
The Wall Street Journal reported Monday that Shapiro is expected to leave Disney imminently.
Shapiro's departure was widely anticipated since the company's announcement earlier this month that it was folding ABC Family into the ABC Cable network group, the Times reported.
According to the report, the cable group is overseen by Anne Sweeney, whose profile within Disney has been enhanced by the success of the Disney Channel. By placing Sweeney in charge of programming, Disney effectively scaled back Shapiro's responsibilities, leaving her with a different job than the one to which she was named in March 2002.
The report cited sources as saying Disney tried to persuade Shapiro to stay on as president or accept some other job within the company.
Dow Jones Newswires
10-27-03 0753ET
Copyright 2003 Dow Jones & Company, Inc. All Rights Reserved.