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Comedy Central: Michele Ganeless Out as President

Low ratings take toll as network struggles to find its way without Jon Stewart and Stephen Colbert

The post-Jon Stewart reality is shaking the corner suites at Comedy Central.

Network president Michele Ganeless is leaving her post as the network struggles with diminished ratings following the loss of top-rated hosts  Stewart and Stephen Colbert.

Ganeless, who has run the network for 12 years, will be replaced by Kent Alterman, a longtime Comedy Central exec and current programming chief for the network.

Ganeless’ boss, Viacom’s Doug Herzog, paid tribute to his departing chief with a statement.

“During Michele’s long and successful tenure, Comedy Central has grown into a cultural and multiplatform powerhouse,” Herzog wrote.

Alterman has worked closely on some of Comedy Central’s top shows, including “Inside Amy Schumer” and “Key & Peele.”

More to come .