CNN Will Hire Ex-New York Times Chief As Next CEO: Report

Dave Thompson/PA Wire

CNN will name former New York Occasions CEO Mark Thompson to serve in that position for the struggling cable information community, Dylan Byers of Percent News said on Tuesday night time.

David Zaslav, the CEO of CNN’s mum or dad firm Warner Bros. Discovery, is predicted to make the announcement soon, in step with two sources who spoke to Byers. Thompson used to be the additionally director normal of the BBC.

“Thompson, an complete veteran of each television and digital media with a reputation for restructuring legacy media assets and pursuing innovative increase strategies, will inherit a storied news community that has been beset in recent years by way of dramatic leadership shakeups, diminished ratings and revenue, and the broader decline of the linear tv business,” Byers stated.

The rent comes after CNN fired CEO Chris Licht in June after overseeing one of the rockier eras for the community within the wake of Jeff Zucker’s ouster remaining yr.

Meanwhile, Axios stated that Thompson “could be encouraged to manage the network independently, which could embrace hiring his own staff.”

Byers juxtaposed the history of Thompson – a longtime newsman – with Licht’s, stating:

Thompson, a former public market firm C.E.O., may now not pose a starker distinction to Licht, a former cable news and late night time executive producer. On the Occasions Co., specifically, Thompson deftly architected a plan that rescued the business from its darkest financial hour in generations.

[…]

He created the strategy that his successor Meredith Kopit Levien has navigated peerlessly. In this day and age, the Occasions Firm trades across the similar worth as all the way through its dot-com boom halcyon days.

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