Bleacher Report CEO Brian Grey Departing Company

Veteran Turner exec Matt Hong will run the popular sports news website.

Brian Grey, CEO of Bleacher Report, the highly trafficked sports blog network that Turner bought a year ago, is leaving the company, Turner Sports evp/COO Lenny Daniels said in a memo to staff Thursday.

"As we began planning for 2014 and beyond, Matt Hong and I spent a considerable amount of time with Brian Grey discussing the future structure of Bleacher Report," Daniels wrote in the memo. 

"After much consideration and successfully leading B/R through its yearlong transition with Turner, we all agreed that now is the right time for Brian to take a step-back from his role as CEO of B/R and svp of Turner Sports to pursue the next chapter in his professional career," Daniels wrote. "Brian has been a great advocate for Bleacher Report and played a key role in helping to build its business model. I have enjoyed working with Brian and appreciate all of his efforts on behalf of the company."

Going forward, Hong, svp and gm of Turner Sports, will run the site, Daniels said. Turner bought Bleacher Report about a year ago, and the site has recently started to prioritize higher-quality video content, especially around the NFL, while hiring a slew of well known journalists.

In a missive of his own, Grey thanked colleagues and reflected on his tenure at the site over the past three years. "First, thank you to the entire Turner and Time Warner team who has been part of bringing B/R into the Turner Sports family, as well as those who we have met post acquisition and who have helped make the integration unfold so successfully," he said.

Of course, it's fairly common for executives to stay through a transition period after a company is acquired, then head for the door to pursue other opportunities.

Read Daniels' full memo at Adweek

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