Marc Graboff (pictured), president and CEO of Core Media Group, is stepping down after almost three years with the company, a spokesperson has confirmed to realscreen.
The exec will remain with Core for a brief period to “ensure a smooth transition as Core closes the recently announced deals and moves to its next phase of expansion,” according to a statement.
Spokespersons for both Core and Endemol confirmed to realscreen that Cris Abrego and Charlie Corwin, co-chairmen and co-CEOs of Endemol North America, will now oversee the management of Core Media Group. A Core spokesperson also said there will be a reduction of staff at the company.
It is understood that Endemol and Core will remain as distinct companies, and Core will maintain its own human resources, finances and legal departments, though at a reduced size.
The news of Graboff’s departure comes after 21st Century Fox confirmed in May its intentions to merge Shine Group with the Apollo Global Management-owned Endemol and Core Media Group.
Graboff joined Core in January 2012, overseeing strategic and daily operations. Prior to joining the company, he served as president of West Coast business operations for NBC Universal Television Entertainment, which he joined in 2010. Prior to this, Graboff was chairman of NBC Entertainment and Universal Media Studios.