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'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money

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1

'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money

2

AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons

3

I've sold property on California's Central Coast for decades. The buyers chasing ranch and winery estates are after more than a lifestyle
Arts & Entertainmenthallmark

Hallmark media CEO leaves, a month after backlash over channel’s decision to pull ad featuring same-sex kiss

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January 22, 2020, 5:48 PM ET
Bill Abbott
BEVERLY HILLS, CA - JULY 27: William (Bill) J. Abbott attends the 2017 Summer TCA Tour-Hallmark Channel And Hallmark Movies And Mysteries at a private residence on July 27, 2017 in Beverly Hills, California. (Photo by Earl Gibson III/Getty Images)Earl Gibson III—Getty Images

The head of Hallmark’s media business is leaving the company after 11 years, just a month after its flagship Hallmark Channel faced an outcry over a decision to pull an ad with a lesbian couple kissing.

No reason was given for Bill Abbott’s departure, and no replacement was immediately named.

In a statement, Mike Perry, president and CEO of Hallmark Cards Inc., said that with immense competition from TV networks and streaming services, it is important for the company to find “relevant new ways to grow our business.”

Abbott was CEO of Crown Media Family Networks, a company controlled by Hallmark Cards. Crown Media’s flagship cable channel is The Hallmark Channel, known for family-friendly programming, particularly made-for-TV Christmas-themed movies.

In December, the Hallmark Channel’s decision to pull an ad featuring the same-sex couple led to an outcry online. The company later reversed the decision.

Crown Media also operates the Hallmark Movies & Mysteries, Hallmark Drama networks, subscription streaming service Hallmark Movies Now and e-book publishing division Hallmark Publishing.

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