Current:Home > BackCNN names new CEO as Mark Thompson, former BBC and New York Times chief-DB Wealth Institute B2 Expert Reviews
CNN names new CEO as Mark Thompson, former BBC and New York Times chief
View Date:2024-12-24 03:48:03
NEW YORK — CNN is bringing in a former chief executive of the BBC and The New York Times in an attempt to turn around a news organization that has burned through two leaders and bled viewers over the past two years.
Mark Thompson was appointed as chair and CEO of CNN by David Zaslav, head of the network's parent company, Warner Bros. Discovery, which made the announcement Wednesday. Thompson replaces Chris Licht, who was fired in June, and a four-person team that had been running CNN in the interim.
Thompson, who left the Times in 2020 after eight years as that company's president and CEO, is credited with transforming it to a digital-first organization more dependent on paid subscribers than the collapsing advertising market that has doomed many newspapers. The England native was director-general of the BBC from 2004 to 2012.
Zaslav called him a "true innovator" who pushed two of the world’s most respected news organizations into the digital age.
"His strategic vision, track record in transformational leadership and sheer passion for news makes him a formidable force for CNN and journalism at this pivotal time," he said.
In a statement, Thompson — who has been knighted by the British government — said that "where others see disruption, I see opportunity."
Licht was let go after a stormy 13 months that saw CNN fall well behind Fox News and MSNBC in popularity, with opinionated news connecting more with viewers in a politically polarized time. He had encouraged CNN to find a middle ground and flex its newsgathering muscles.
He was doomed at the end by a damning Atlantic magazine profile that showed his failure to connect with many employees, many loyal to his predecessor, Jeff Zucker. Zucker was pushed out in February 2022 after failing to disclose to his bosses a romantic relationship with a fellow network executive.
Besides ratings, CNN's finances have suffered. The network earned $892 in profit in 2022, down from $1.08 billion in 2020, according to S&P Global Market Intelligence.
Shortly after Licht was named to his new job, CNN's new corporate masters pulled the plug on a well-publicized streaming service after only weeks in operation. Just this month, it announced that CNN news would be part of its Max streaming service.
CNN also fired two popular prime-time hosts over the past two years, Chris Cuomo and Don Lemon, the latter after an ill-fated move to a new morning show.
Licht never settled on a new prime-time lineup in his tenure. The four-person interim leadership team — Amy Entelis, David Leavy, Virginia Moseley and Eric Sherling — recently set a new lineup that includes Kaitlan Collins, Abby Phillip and Laura Coates in weeknight roles, with veteran Christiane Amanpour and Chris Wallace getting new weekend gigs.
Thompson's selection was first reported Tuesday night by Puck.
Previous CNN leadership changes:Embattled CNN CEO Chris Licht stepping down after controversial year
veryGood! (8)
Related
- Kentucky woman seeking abortion files lawsuit over state bans
- Wendy Williams documentary producers say they didn’t know she had dementia while filming most scenes
- Bears want to 'do right' by Justin Fields if QB is traded, GM Ryan Poles says
- Indiana man pleads guilty to threatening Michigan election official after 2020 election
- Bowl projections: SEC teams joins College Football Playoff field
- Letter containing white powder sent to Donald Trump Jr.'s home
- Gabourey Sidibe Is Pregnant, Expecting Twins With Husband Brandon Frankel
- Monica Lewinsky stars in fierce Reformation campaign to encourage voting: See the photos
- Watch a rescuer’s cat-like reflexes pluck a kitten from mid-air after a scary fall
- What is the best way to handle bullying at work? Ask HR
Ranking
- New Yorkers vent their feelings over the election and the Knicks via subway tunnel sticky notes
- More crime and conservatism: How new owners are changing 'The Baltimore Sun'
- Music producer latest to accuse Sean ‘Diddy’ Combs of sexual misconduct
- Rapidly expanding wildfires in the Texas Panhandle prompt evacuations
- Chris Martin and Gwyneth Paltrow's Son Moses Martin Reveals His Singing Talents at Concert
- Jennifer Aniston forgets the iconic 'Rachel' haircut from 'Friends' in new Uber Eats ad
- Suspect in Georgia nursing student's murder is accused of disfiguring her skull, court documents say
- Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
Recommendation
-
Prayers and cheeseburgers? Chiefs have unlikely fuel for inexplicable run
-
AT&T 'making it right' with $5 credit to customers after last week's hourslong outage
-
New York Jets releasing durable guard Laken Tomlinson in move that saves cap space
-
UK’s Prince William pulls out of memorial service for his godfather because of ‘personal matter’
-
Shawn Mendes quest for self-discovery is a quiet triumph: Best songs on 'Shawn' album
-
FTC sues to kill Kroger merger with Albertsons
-
Who can vote in the 2024 Michigan primary? What to know about today's election
-
Review: Dazzling 'Shogun' is the genuine TV epic you've been waiting for