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Mr. Zaslav, who took over Warner Bros. But the tumultuous personnel changes at CNN under Mr. Zaslav’s leadership make clear that a Zaslav friendship, no matter how deep or longstanding, has its limits. Jeff Zucker, replaced as CNN’s chief executive by Mr. Licht, frequently described himself as Mr. Zaslav’s best friend. Don Lemon, the longtime host, socialized with Mr. Zaslav in New York and the Hamptons. CNN ousted Mr.
Persons: Chris Licht, David Zaslav, Zaslav, Zaslav’s, Jeff Zucker, . Licht, Don Lemon, Lemon Organizations: CNN, Warner Bros, Discovery, Hamptons Locations: New York
Mr. Thompson, 66, joins the network with more experience running a sprawling news organization than Mr. Licht, a former morning and late-night show producer. Mr. Thompson started as a trainee at the BBC in 1979 and ascended to the position of director general, the broadcaster’s top position, in 2004. He joined the Times Company as its chief executive in 2012, and was among a group of executives who revitalized the company financially by greatly expanding its digital subscription business. When Mr. Thompson took over at the Times Company, a subscriber-only paywall for the paper’s website was still in its infancy. “I just thought we weren’t doing it well enough,” he said.
Persons: Licht’s, Amy Entelis, Virginia Moseley, Eric Sherling —, David Leavy, Zaslav, Thompson, Licht, Organizations: CNN, BBC, Times Company
Discovery chief executive could have waited to appoint a singular leader of CNN after firing his former hand-picked network boss Chris Licht. By appointing a new chief executive and chairman, he’s taking an inherent risk as the 2024 presidential cycle heats up. Under former network boss Jeff Zucker, staffers never questioned what CNN’s mission statement was. It will be illuminating to hear more from Thompson on this matter, given he will also be responsible for CNN’s editorial. During his decades in media, Thompson earned a reputation for being a confident executive with thick skin who masterfully executes a vision, all while maintaining the support of the troops.
Persons: CNN —, Mark Thompson, Thompson, we’ve, ” Thompson, , , Bob Iger, ” ► It’s, David Zaslav, Chris Licht, , Amy Entelis, Virginia Moseley, Eric Sherling, David Leavy —, Zaslav, he’s, Jeff Zucker, Donald Trump, ► Licht, Licht, Zucker, Chris Cuomo, Don Lemon, nosediving, Licht’s, ” ►, Trump, They’ve Organizations: CNN, CNN — It’s, The New York Times, BBC, Times, Warner Bros . Discovery, MSNBC Locations: Hudson Yards
Mark Thompson, a former chief executive of The New York Times and leader of the BBC, is expected to be named the next top executive of CNN, according to three people with knowledge of the decision. Some senior executives at Warner Bros. Discovery, CNN’s parent company, have already been informed of the decision to hire Mr. Thompson, said the people, who spoke on the condition of anonymity because some executives at CNN hadn’t yet been informed of the decision. Mr. Thompson and a spokesman for Warner Bros. Ratings have plummeted, profits have slumped, and the network is still reeling from Chris Licht’s tenure as chief executive, which was terminated in June amid sagging staff morale.
Persons: Mark Thompson, Thompson, Chris Licht’s, Licht’s, Amy Entelis, Virginia Moseley, Eric Sherling —, David Leavy, David Zaslav Organizations: The New York Times, CNN, Warner Bros, Discovery, Warner Bros .
It is unclear how far along the talks are with Mr. Thompson and the other candidates. Mr. Thompson declined to comment. Semafor earlier reported CNN’s interest in Mr. Thompson. Since Mr. Licht’s departure, CNN has been run by four people, three of whom — Amy Entelis, Virginia Moseley and Eric Sherling — are CNN veterans. The fourth, the CNN chief operating officer David Leavy, has been a longtime lieutenant to Mr. Zaslav, and was appointed shortly before Mr. Licht’s dismissal.
Persons: Mark Thompson, Thompson, David Zaslav, Chris Licht, Semafor, Licht’s, Amy Entelis, Virginia Moseley, Eric Sherling —, David Leavy, Zaslav Organizations: The New York Times, CNN, Warner Bros, Mr, Discovery
CNN —Variety is facing a blistering wave of backlash. “Siegel was informed by The Atlantic that the charges were completely false, but she nevertheless decided to smear Alberta. Jon Kelly, editor in chief of Puck, similarly defended his reporter, who was portrayed in the piece as a Zucker shill. Reached for comment, a Variety spokesperson notably offered a defense of the piece that contained far less fervor. The spokesperson simply said, “Variety stands by our investigative story about CNN written by one of the best journalists in the business.”
Persons: Tatiana Siegel, Jeff Zucker, Zucker, , Risa Heller, Heller, ” Heller, Chris Licht, Tim Alberta, Dylan Byers, Puck, ” Jeffrey Goldberg, “ Siegel, Siegel, ” Goldberg, Licht, , Jon Kelly, “ Dylan Byers, ” Kelly, Organizations: CNN, Variety, Hollywood, Warner Bros, The, The Atlantic, Alberta Locations: Alberta, Alberta’s
CNN —The post-Chris Licht era at CNN is taking shape. Viewers saw the most visible change on Monday when CNN updated the network’s on-screen banners that Licht had implemented in the final days before his departure. While the former network chief sought to tone down the volume, the emerging iteration of CNN is reporting the news in a bolder, unbridled way. To be clear, CNN has not reverted entirely back to the style of journalism that it practiced under former network chief Jeff Zucker. And the new programs that Licht introduced into the lineup, such as “CNN News Central,” remain in place, for now.
Persons: Chris Licht, Licht, I’m, Jeff Zucker, Donald Trump’s, it’s Organizations: CNN, CNN News Central Locations: Florida, Russia
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Chris Licht relinquished his position as CNN's CEO and left the company, Warner Bros Discovery, the parent company of CNN, said Wednesday morning. So it was perhaps not surprising that investors were relieved by his departure, as indicated by the 8.43% jump in Warner Bros ' shares. Cohen is known as "the god figure of the meme-stock community," a Reddit user, who preferred to be anonymous for fear of retaliation, told CNBC.
Persons: Chris Licht, Licht's, Donald Trump, Matthew Furlong, Ryan Cohen, Cohen, GameStop's Organizations: Penn, Empire, CNBC, Warner Bros Discovery, CNN, Warner Bros, GameStop Locations: New York City, New York
Who Are the 4 People Running CNN Now?
  + stars: | 2023-06-08 | by ( Katie Robertson | ) www.nytimes.com   time to read: +1 min
Her division was reduced as part of cost-cutting measures by Mr. Licht, who announced in October that CNN would stop buying original TV series and documentary films and that Ms. Entelis would explore developing a studio focused on long-form content. Before joining CNN, Ms. Entelis worked at ABC News for 30 years, starting as a producer and rising through various leadership roles. She was one of three executives chosen last year to lead CNN on an interim basis after the ouster of its previous chief executive, Jeff Zucker. She was promoted to that job in July 2022 by Mr. Licht after a decade at the network, which she joined as a deputy in the Washington bureau. Ms. Moseley previously worked for 18 years at ABC News, where she was a senior Washington producer for “Good Morning America.” She is married to Thomas R. Nides, the U.S. ambassador to Israel.
Persons: . Licht, Entelis, Jeff Zucker, Virginia Moseley Virginia Moseley, Moseley, Thomas R Organizations: CNN, ABC News, White House, America Locations: United States, Washington, U.S, Israel
In interviews, some CNN journalists expressed frustration with the wall-to-wall coverage of the network and Mr. Licht, and they expressed hope it would end soon. CNN’s new leaders will have to deal with many challenges that Mr. Licht was in the middle of trying to overcome. It is preparing to cover the 2024 presidential election, a consequential event for the network and its business. Athan Stephanopoulos, whom Mr. Licht hired last year as CNN’s chief digital officer, has laid out a plan to generate $1 billion over the next several years. And the company is hosting a series of town hall forums for presidential contenders, including one next week with former Gov.
Persons: , Licht, CNN’s, Poppy Harlow, Phil Mattingly, Rahel Solomon, Athan Stephanopoulos, Mr, Chris Christie Organizations: CNN, ” CNN, White House, Gov Locations: New Jersey
CNN staffers don’t want the organization to be known for and consumed by a never-ending soap opera starring the C-suite. With Chris Licht’s dismissal as chairman and chief executive of CNN on Wednesday morning, staffers are aiming to get back to that mission. In recent months, David Zaslav, chief executive of CNN parent Warner Bros. The piece, in which Alberta spoke to more than 100 CNN employees, called into question Licht’s ability to lead the organization moving forward. Will the next network chief be an improvement over Licht?
Persons: don’t, Chris Licht’s, Jeff Zucker, Licht, David Zaslav, Zaslav’s, David Leavy, Tim Alberta, Zaslav, , , , ” Zaslav, “ It’s, Amy Entelis, Virginia Moseley, Eric Sherling, WBD Organizations: CNN, Employees, Warner Bros, Hudson, New Locations: Alberta, New York
CNBC Daily Open: How quickly prospects change
  + stars: | 2023-06-08 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +4 min
Kevin Mazur | Getty Images Entertainment | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. Treasury Secretary Janet Yellen told CNBC she wouldn't be surprised if more banks start to consolidate, given the increased pressures on the banking system. The bottom lineProspects — for both firms and markets — changed as quickly and suddenly as the haze engulfed New York. Smaller companies are more sensitive to economic conditions because they tend not to have the financial heft to defy a downturn.
Persons: Chris Licht, Kevin Mazur, Janet Yellen, wouldn't, Yellen, Elon Musk, Licht's, Donald Trump, Matthew Furlong, Ryan Cohen, Cohen, GameStop's, Russell, That's, LPL, Quincy Krosby Organizations: CNN Worldwide, Warner Bros, Madison, Garden, Getty, CNBC, Dow Jones, Treasury, Millionaires, CNBC Millionaire Survey, Warner Bros Discovery, CNN, GameStop, Big Tech, Microsoft, Google, Nvidia, Qualcomm, Nasdaq Locations: New York City, U.S, Mongolia, New York
In the end, Mr. Licht’s attempt appeared to satisfy no one. In fact, Mr. Licht’s short tenure does not provide an easy answer. But it did illuminate just how hard it can be to find success where Mr. Licht was sent looking. And, several current and former CNN staff members said, that clear notion was precisely what was lacking under Mr. Licht and his boss, Mr. Zaslav, whose direction he was following. The definition was shaped more by what they did not want — all that had come before them under Mr. Licht’s predecessor, Jeff Zucker — than what they did want.
Persons: Licht’s, Licht, ” —, Zaslav, Donald J, Trump, . Licht, Jeff Zucker — Organizations: Cable, Republican, CNN
CNN CEO Chris Licht hopes to win back his staff's trust after a damaging magazine profile of him. Discovery exec David Leavy has been dispatched to help Licht run the network. Here are the 16 key CNN deputies under Licht leading news efforts, business development, and more. CNN boss Chris Licht has had the most scrutinized and toughest year of all Warner Bros. Leavy will report to Licht when he officially starts June 20, taking oversight of operations, marketing, and PR.
Persons: Chris Licht, David Leavy, Licht, Jeff Zucker, Oliver Darcy, Brian Stelter, that's, Amy Entelis, Virginia Moseley, Athan Stephanopoulos, Chris Marlin, Ted Turner's, John Malone, Donald Trump, Christiane Amanpour, He's, Kaitlan Collins, Gayle King, Charles Barkley, Barbara Starr, Ana Cabrera, Don Lemon, Nikki Haley wasn't, Lemon Organizations: CNN, Top Warner Bros, Discovery, Warner Bros, CNBC, Trump, White House, CBS News, WBD Sports Locations: WBD, York
Discovery CEO David Zaslav emailed staff, letting them know Licht was stepping down. On the programming side, Licht launched "CNN This Morning," with anchors Don Lemon, Poppy Harlow, and Kaitlan Collins. "It's another shit show" on top of Licht's multiplying challenges at CNN, one former employee told Insider at the time. "Having people applaud those sexual abuse comments definitely made me question my allegiance to this network," one network executive told Insider. CNN's own media reporter Oliver Darcy said Licht had "lost the room," adding that dozens of CNN staffers no longer had confidence in their leader.
Persons: Chris Licht, David Zaslav, Licht, Zaslav, He'd, Jeff Zucker, Stephen Colbert's, Joe, Licht's, WBD, , Brian Stelter, John Harwood, Don Lemon, Poppy Harlow, Kaitlan Collins, Chris Cuomo, Nikki Haley, isn't, Lemon, Gayle King, Charles Barkley, Dana Bash —, Donald Trump, Trump, CNN's Collins, Zucker, Insider's Nich Carlson, Zaslav's, Puck's Dylan Byers, he'd, CNN's, Oliver Darcy, Anderson Cooper, Jake Tapper, Max Tani Organizations: CNN, Warner Bros, Discovery, Licht, CBS, Trump, House, Republican Party, — CNN, AP, Variety, cnn Locations: Trump
Timeline: CNN’s 18 Months of Tumult
  + stars: | 2023-06-07 | by ( Gregory Schmidt | ) www.nytimes.com   time to read: +1 min
CNN has endured nearly two years of turmoil as the cable news network has struggled to overcome national scandals, abrupt departures, plummeting ratings and declining profits. The tumult culminated this week with the sudden exit of CNN’s top boss, Chris Licht, whose rocky 13-month run as the leader of CNN came to an end after a string of controversies. He was appointed chief executive and chairman of CNN in February 2022, succeeding Jeff Zucker, who had resigned weeks earlier. Here’s a timeline of 18 months of turmoil at CNN that led up to his ouster. CNN fired Chris Cuomo, a star anchor, on Dec. 4, 2021, over his involvement in the political affairs of his brother, former Gov.
Persons: Chris Licht, Jeff Zucker, . Licht, Licht, Chris Cuomo, Andrew M, Cuomo Organizations: CNN Locations: New York
Through a spokesman, Mr. Zaslav declined to comment. That represents a significant departure from his previous approach: Mr. Licht was appointed by Mr. Zaslav personally, without talking to any other candidates except Mr. Licht, according to two people with knowledge of his selection. He has engineered a series of audacious mergers that have catapulted him to the highest echelons of the media industry. Discovery and CNN have been the topic of occasional speculation in the media industry as potential acquisition targets. But Mr. Zaslav told employees emphatically in a town hall last year that the company and its divisions were not for sale.
Persons: Zaslav, Licht’s, Licht Organizations: CNN, Discovery, Scripps Networks Interactive, Warner Bros . Discovery
Chris Licht, the former television producer who oversaw a brief and chaotic run as the chairman of CNN, is out at the network. David Zaslav, the chief executive of CNN’s parent, Warner Bros. Discovery, informed staff on Wednesday morning that he had met with Mr. Licht and that he was leaving, effective immediately. Mr. Licht’s 13-month run at CNN was marked by one controversy after another. “For a number of reasons things didn’t work out, and that’s unfortunate,” Mr. Zaslav said, according to a recording of his remarks.
Persons: Chris Licht, David Zaslav, Licht, Licht’s, Mr, Zaslav, “ It’s, Organizations: CNN, Warner Bros, Discovery
Chris Licht's exit as CEO of CNN gives Warner Bros. Jeff Zucker, whose title was president, led CNN successfully — if not without controversy — for nine years. The CEO title didn't empower Licht, who was seen as executing Zaslav's vision, not his own. Without a CEO title. If Zaslav anoints a Licht replacement without the CEO title, even if the functions of the job don't change much, media observers will see it as a less lofty role.
Persons: Chris Licht's, Jeff Zucker, Licht, WBD, David Zaslav, that's, — Zucker, Zaslav, Zucker, David Leavy, should've, Organizations: CNN, Warner Bros, CNN Worldwide, WarnerMedia News, Sports, Trump, Street Journal
His tenure, which effectively started when he eliminated the network's expensive CNN+ streaming service , was riddled with programming missteps and rock-bottom ratings. "We have great confidence in this group and will fully support them until a new CEO is named," Warner Bros. In the meantime, executives Amy Entelis, Virginia Moseley, Eric Sherling and David Leavy will lead CNN, the company said. Chris Licht is out at CNN after leading the news network for a little more than a year, parent company Warner Bros Discovery announced Wednesday morning. Read Zaslav's memo to staff:All,This morning we are announcing that Chris Licht will be leaving CNN and we will be conducting a wide search, internally and externally, for a new leader.
Persons: Chris, Zaslav, , David Zaslav, Amy Entelis, Virginia Moseley, Eric Sherling, David Leavy, Chris Licht, Licht, Donald Trump, Leavy, Joe, Stephen Colbert, Read, You've, David Organizations: CNN, Warner Bros, Discovery, Warner Bros Discovery, CBS, Development, MSNBC, CNBC
Amazon shares deepened losses after a Wall Street Journal report said the online retailer and video streamer is planning an advertising-supported tier for its Prime Video streaming service and that it is in talks with Warner Bros Discovery and Paramount about including ad-based tiers of their streaming services through Amazon Prime Video Channels. Forrest said the move would suggest that "the Prime service isn't enough" to keep customers. Along with streaming video, Prime subscriptions also include free shipping for eligible products, which helps boost Amazon's online sales. For anyone who has dropped the Prime service, Forrest said they would "buy from somewhere else because nobody wants to pay for shipping and pretty much everybody is offering free shipping now." The S&P's consumer discretionary sector, which includes Amazon, was down 0.9%.
Persons: Chris Licht, Kim Forrest, Forrest, Sinéad Carew, Deepa Babington Organizations: Amazon.com, Warner Bros Discovery, Paramount, Amazon Prime, Warner Bros, CNN, Amazon, Bokeh Capital Partners, Thomson Locations: Pittsburgh
New York CNN —Chris Licht, the embattled chief executive and chairman of CNN, whose brief one-year tenure at the network was stained by a series of severe missteps, departed the company on Wednesday. “I met with Chris and he will be leaving CNN,” David Zaslav, the chief executive of parent company Warner Bros. But it became increasingly clear that Licht’s tenure as the chief executive was not tenable and quickly coming to an end. The CNN chief had, in effect, lost the room. Hundreds of CNN employees were laid off in late November and early December.
Persons: Chris Licht, , Chris, ” David Zaslav, Jeff Zucker, Stephen Colbert ”, Kevin Mazur, Tim Alberta, Licht, David Leavy, Zaslav, , ” Zaslav, “ It’s, Amy Entelis, Virginia Moseley, Eric Sherling, Joe ”, Licht’s, Zucker, Brian Stelter, Don Lemon, Poppy Harlow, Kaitlan Collins, Lemon, Donald Trump, Christiane Amanpour Organizations: New, New York CNN, CNN, Warner Bros, CNN Worldwide, Discovery, CBS, Columbia Journalism School, Licht Locations: New York, CNN’s Hudson, Alberta
CNN CEO Chris Licht claimed to lose nearly 50 pounds from diet and exercise. Now sources tell the Daily Mail and the Daily Beast's Confider that Licht boasted of using Ozempic. Licht told reporter Tim Alberta he dropped nearly 50 pounds over the last three years through a strict diet and grueling exercise regimen. In the Atlantic profile, Licht, 51, boasted about his ascetic eating habits and intense early-morning workouts with trainer Joe Maysonet. "I'm a fucking machine," Licht told The Atlantic, explaining why he was skipping a meal.
Persons: Chris Licht, Licht, Tim Alberta, Ozempic, Joe Maysonet, Jeff Zucker, Zucker, , It's, Matt Dornic Organizations: CNN, Daily Mail, Daily
Chris Licht, Chairman and CEO, CNN Worldwide speaks onstage during the Warner Bros. Embattled CNN Chief Executive Chris Licht apologized to the news organization's staff Monday morning during the cable news network's 9 a.m. Warner Bros. WATCH: Warner Bros. Discovery CEO David Zaslav discusses company's performance on 'Squawk Box'
Persons: Chris Licht, Licht, didn't, Donald Trump, David Zaslav wasn't, Tim Alberta, Licht's, David Leavy, Leavy, Joe, Stephen Colbert, David Zaslav Organizations: CNN, Warner Bros, Madison, Garden, Discovery, CBS Locations: New York City
CNN has had a tumultuous first year under Chris Licht, who took over as the network’s chief executive last spring. And then on Friday, a 15,000-word profile of Mr. Licht in The Atlantic cast new doubts about his leadership and future at the company. All the turmoil has led some staff members to speculate privately in recent days about whether Mr. Licht will last as the chief executive — and whether he should. Also fueling speculation was a decision last week to appoint David Leavy — a trusted associate of David Zaslav, the chief executive of CNN’s parent — to a top leadership role at the network, a sign that Mr. Zaslav thinks CNN needs urgent management help. Mr. Licht addressed the tumult on an editorial call Monday, saying he will “fight like hell” to win back the trust of CNN’s staff.
Persons: Chris Licht, Licht, , David Leavy —, David Zaslav, Zaslav, , Organizations: CNN, Atlantic
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