Current:Home > NewsCNN names new CEO as Mark Thompson, former BBC and New York Times chief -NextGen Capital Academy
CNN names new CEO as Mark Thompson, former BBC and New York Times chief
View
Date:2025-04-20 07:05:53
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! (54427)
Related
- Travis Hunter, the 2
- Saying goodbye to Pikachu and Ash, plus how Pokémon changed media forever
- As the Climate Crisis Grows, a Movement Gathers to Make ‘Ecocide’ an International Crime Against the Environment
- Russia has amassed a shadow fleet to ship its oil around sanctions
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Global Climate Panel’s Report: No Part of the Planet Will be Spared
- Black men have lowest melanoma survival rate compared to other races, study finds
- How Dying Forests and a Swedish Teenager Helped Revive Germany’s Clean Energy Revolution
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Hollywood actors agree to federal mediation with strike threat looming
Ranking
- North Carolina justices rule for restaurants in COVID
- Find 15 Gifts for the Reader in Your Life in This Book Lover Starter Pack
- On California’s Coast, Black Abalone, Already Vulnerable to Climate Change, are Increasingly Threatened by Wildfire
- 6-year-old Miami girl fights off would-be kidnapper: I bit him
- North Carolina justices rule for restaurants in COVID
- Southwest faces investigation over holiday travel disaster as it posts a $220M loss
- The CEO of TikTok will testify before Congress amid security concerns about the app
- Want a balanced federal budget? It'll cost you.
Recommendation
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
How Beyoncé and More Stars Are Honoring Juneteenth 2023
The Senate's Ticketmaster hearing featured plenty of Taylor Swift puns and protesters
H&R Block and other tax-prep firms shared consumer data with Meta, lawmakers say
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
The Sweet Way Travis Barker Just Addressed Kourtney Kardashian's Pregnancy
Oil refineries release lots of water pollution near communities of color, data show
Migration could prevent a looming population crisis. But there are catches