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USA Networks Names Two Co-Presidents

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Bloomberg News

USA Networks Inc. said Stephen Brenner and Stephen Chao were appointed co-presidents to serve during Chairman and Chief Executive Kay Koplovitz’s departure from the company she founded. Brenner, who has been with New York-based USA Networks for 16 years, was named president of operations, overseeing advertising sales, affiliate relations, finance and administration. Chao, an independent producer and a former executive at News Corp.’s Fox network, is president of programming and marketing. Earlier this year, Seagram Co. sold USA Networks and other cable-television assets to Home Shopping Network Inc., which then changed its name to USA Networks Inc. On April 9, Koplovitz said she would resign. Her exit date has yet to be determined, the company said. USA Networks provides programming for cable television.

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