ABC

$12 billion: Value of the Disney-ABC portfolio that Sherwood will inherit from Anne Sweeney

Why they matter: After a little more than three years as the president of ABC News, Sherwood on March 24 was named Sweeney's successor as the head of Disney-ABC television assets. It was a meteoric rise considering that four years ago, Sherwood was living in his native Los Angeles and writing books in self-imposed exile from the TV news business. Little wonder, though, that Disney CEO Bob Iger tapped Sherwood for the bigger job in Burbank (which he officially will assume in February). His stewardship of ABC News is marked by a huge, lucrative accomplishment, with Good Morning America's ascent to the top of the morning-news heap bringing hundreds of millions in ad revenue and everyone from A-list authors to Hollywood stars clamoring for an audience with the show's nearly 6 million daily viewers. Goldston, who arrived at ABC News 10 years ago as a senior producer at Nightline, was among the chief architects of GMA's transformation to an ensemble format that stressed tight storytelling and fun banter. He also was the hand (with talent senior vp Barbara Fedida) behind the anchor shuffle, with the addition of Amy Robach and Michael Strahan following the loss of Josh Elliott and Sam Champion. Sherwood, 50, the father of two young boys who is married to Imagine Entertainment's Karen Kehela Sherwood, says he is "optimistic about the future of ABC News and GMA. I'm realistic, too, about the fight. If we keep hustling, adapting and innovating, I am confident that our best days are ahead." Concurs Goldston, 45, "It has been great for our team here to see ABC News reach its strongest position in a generation."

Goal for next year: "I have so much to learn from Anne Sweeney and her team," says Sherwood. "Goal No. 1 is a smooth and successful transition. Goal No. 2 is to consume an unhealthy number of Dodger Dogs with my boys at the stadium."

Secret weapon: "A full bowl of clementines, my rocket fuel," says Goldston, who bikes to work from Brooklyn Heights, where he lives with his wife, Laura Trevelyan, a BBC anchor, and their three young boys. Adds Sherwood: "My wife, Karen. 'Nuff said."

Nemesis: "An empty rack of Citi Bikes," says Goldston, "drives me crazy."