HBO's CEO takes leave of absence

Chris Albrecht charged on suspicion of assaulting his girlfriend Sunday.


NEW YORK (CNNMoney.com) -- HBO's Chairman and CEO Chris Albrecht has been granted a leave of absence from his duties Time Warner Chairman and CEO Richard Parsons announced in a release Tuesday.

The chairman of the HBO cable television network was arrested in Las Vegas on Sunday on suspicion of assaulting his girlfriend.

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Albrecht, 54, who has served as HBO chairman and CEO since 2002, said in a statement that "the incident" in Las Vegas on Sunday was a "wake-up call" that prompted him to ask for a temporary leave to deal with a recurring drinking problem, according to Reuters.

"I had been a sober member of Alcoholic Anonymous for thirteen years," Albrecht wrote. "Two years ago, I decided that I could handle drinking again. Clearly, I was wrong."

Time Warner Chairman Richard Parsons said Albrecht was granted a leave, at his request, "pending the resolution" of Albrecht's arrest.

"We take these matters very seriously and will monitor this situation closely," Parsons said.

Time Warner (Charts, Fortune 500), which owns HBO, also owns CNNMoney.com.

HBO's chief operating officer, Bill Nelson, will assume Albrecht's duties for the time being, Time Warner said.

Albrecht was arrested early Sunday morning on suspicion of domestic battery after police officers observed him assaulting a woman later identified as his girlfriend, Martin Wright, a spokesman for the Las Vegas Metropolitan Police Department, told Reuters.

He was booked into the Clark County jail and released on his own recognizance after a "cooling-off" period 12 hours later, Wright said. No court date has been set.

Albrecht was at the MGM Grand for HBO's broadcast of the World Boxing Council's super-welterweight championship boxing match, in which Floyd Mayweather Jr. defeated Oscar De La Hoya.

A former New York nightclub proprietor and onetime talent consultant for ABC, Albrecht joined HBO in 1985 as a senior vice president for original programming and has played a key role in the network's transformation into a TV powerhouse.

From 1990 to 1995, he served as president of HBO Independent Productions, which develops and produces comedy series for distribution on HBO and other networks. In 1995, he was promoted to president of original programming.

His tenure at HBO, or Home Box Office, coincided with some of the network's most celebrated series, including "The Sopranos" and "Entourage" and former hit series "Sex and the City" and "Six Feet Under."

--Reuters contributed to this report Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.