In high school, Ascheim worked as an air conditioning repair man, and giving out flyers for a borough presidential candidate in the Bronx.

[4] Originally he worked as an assistant to independent film producer Geoffrey Drummond, and a financial analyst at Silver Screen Management.

[6] In July 1998, Ascheim was named the first employee and general manager of Noggin, a cable network created by Nickelodeon and Sesame Workshop that would launch in early 1999.

[9] In 2006, Ascheim was promoted to the position of Executive Vice President & General Manager of Nickelodeon Digital Television, a newly created role.

In this position, he continued to manage Noggin and its teen-oriented nighttime block, The N. He also oversaw Nickelodeon Games and Sports and Nicktoons.

[10] Ascheim left Nickelodeon in 2007 to become the CEO of Newsweek, where he oversaw global operations of the publication and its merger with The Daily Beast.