Current:Home > StocksCNN names new CEO as Mark Thompson, former BBC and New York Times chief -EliteFunds
CNN names new CEO as Mark Thompson, former BBC and New York Times chief
View
Date:2025-04-13 20:57:59
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! (2172)
Related
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Texas Study Finds ‘Massive Amount’ of Toxic Wastewater With Few Options for Reuse
- A Petroleum PR Blitz in New Mexico
- CBO says debt ceiling deal would cut deficits by $1.5 trillion over the next decade
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Kylie Jenner’s Recent Photos of Son Aire Are So Adorable They’ll Blow You Away
- RHOC Star Gina Kirschenheiter’s CaraGala Skincare Line Is One You’ll Actually Use
- Children as young as 12 work legally on farms, despite years of efforts to change law
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- The Art at COP27 Offered Opportunities to Move Beyond ‘Empty Words’
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Why Danielle Jonas Sometimes Feels Less Than Around Sisters-in-Law Priyanka Chopra and Sophie Turner
- Saudi Arabia cuts oil production again to shore up prices — this time on its own
- ‘It Is Going to Take Real Cuts to Everyone’: Leaders Meet to Decide the Future of the Colorado River
- Meta releases AI model to enhance Metaverse experience
- The Texas AG may be impeached by members of his own party. Here are the allegations
- Two Towns in Washington Take Steps Toward Recognizing the Rights of Southern Resident Orcas
- Grimes used AI to clone her own voice. We cloned the voice of a host of Planet Money.
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
'Los Angeles Times' to lay off 13% of newsroom
A New Plant in Indiana Uses a Process Called ‘Pyrolysis’ to Recycle Plastic Waste. Critics Say It’s Really Just Incineration
For Many, the Global Warming Confab That Rose in the Egyptian Desert Was a Mirage
Highlights from Trump’s interview with Time magazine
Tupperware once changed women's lives. Now it struggles to survive
Inside Clean Energy: Explaining the Record-Breaking Offshore Wind Sale
NPR's Terence Samuel to lead USA Today