The appointment will take effect on February 1, but the
transition will begin immediately, Disney said. Sherwood will
continue to oversee ABC News until a successor is named.
In his new job, he will have charge of the ABC broadcast network
and cable channels including the Disney Channels and ABC Family.
Sherwood, who oversaw ABC's "Good Morning America" as it rose to
become the No. 1 morning news program in the United States, was
seen as a potential candidate after longtime executive Sweeney
said on March 11 she was leaving Disney to pursue a career in
television directing. She will remain in her current job through
Sherwood started at Disney in 1989 and held jobs as a producer
in the news division. He later moved to NBC News before
returning to ABC in 2004.
As ABC News president, Sherwood created an online news
partnership with Yahoo that now reaches nearly 100 million
people and formed a joint venture with Univision, the Fusion
cable network aimed at young Hispanic viewers.
He also is the author of 2010 novel "The Death and Life of
Charlie St. Cloud," the basis of a feature film.
ESPN President John Skipper is the other co-chairman of Disney
(Reporting by Jennifer Saba in New York and Lisa Richwine in Los
Angeles; editing by Jonathan Oatis and Lisa Von Ahn)
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