Current:Home > FinanceCNN names new CEO as Mark Thompson, former BBC and New York Times chief -Global Finance Compass
CNN names new CEO as Mark Thompson, former BBC and New York Times chief
Ethermac Exchange View
Date:2025-04-10 21:34:32
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! (998)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Kylie Jenner's Extravagant Birthday Party for Kids Stormi and Aire Will Blow You Away
- A new purple tomato is available to gardeners. Its color comes from snapdragon DNA
- January Photo Dumps: How to recap the first month of 2024 on social media
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Why the NBA trade deadline is so crucial for these six teams
- Apple TV+ special 'Snoopy Presents: Welcome Home, Franklin' flips a script 50-years deep: What to know
- 'Category 5' was considered the worst hurricane. There's something scarier, study says.
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Why Felicity Huffman Feels Like Her “Old Life Died” After College Admissions Scandal
Ranking
- Travis Hunter, the 2
- Horoscopes Today, February 5, 2024
- Values distinguished Christian McCaffrey in high school. And led him to Super Bowl 58
- Toby Keith dies after cancer battle: What to know about stomach cancer
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- South Carolina wants to restart executions with firing squad, electric chair and lethal injection
- New Mexico Republicans vie to challenge incumbent senator and reclaim House swing district
- US labor official says Dartmouth basketball players are school employees, sets stage for union vote
Recommendation
Trump's 'stop
Maurice Sendak delights children with new book, 12 years after his death
Deadly shark attacks doubled in 2023, with disproportionate number in one country, new report finds
Yes, cardio is important. But it's not the only kind of exercise you should do.
Most popular books of the week: See what topped USA TODAY's bestselling books list
South Dakota Gov. Kristi Noem banned from tribal land over U.S.-Mexico border comments: Blatant disrespect
Jam Master Jay dabbled in drug sales ‘to make ends meet,’ witness testifies
Rapper Killer Mike Breaks His Silence on Arrest at 2024 Grammy Awards