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.
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. 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.
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Former New York Times and BBC chief Mark Thompson set to lead CNNThompson, the third CNN head in two years, will be faced with the task of accelerating the cable network's move into streaming video.
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David Zaslav Says Mark Thompson Will Bring “Transformational Leadership” to CNN as His Hire Becomes OfficialThe former New York Times and BBC chief will start at CNN in October.
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CNN names former New York Times CEO Mark Thompson as its chiefWarner Bros. Discovery has appointed Mark Thompson chairman and CEO of CNN a few short months after Chris Licht's ouster.
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CNN expected to name former New York Times exec Mark Thompson as CEOMultiple senior executives at Warner Bros. Discovery have already been notified of his apparent hiring, according to the New York Times.
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