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☆ Nantucket's wealthy had another problem on their beaches this week
▼ + stars: | 2024-07-18 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The blade of an offshore wind turbine broke into pieces last week and washed ashore on tony Nantucket, the Massachusetts island favored by New Englanders and the very wealthy. Still, all Nantucket beaches were fully open by Wednesday, though the island's Harbormaster cautioned people to wear shoes and keep pets off certain areas. AdvertisementIn April, billionaire Barry Sternlicht's home was demolished due to property damage caused by erosion. It looks like snow, rain, hail, and a little wind turbine debris won't be enough to turn people off of the Gray Lady.

Persons: —, tony Nantucket, Harbormaster, Barry Sternlicht's, Steve Schwarzman, Eric Schmidt, Gray Organizations: Service, New, Business, Vineyard, of Safety, Environmental Locations: Nantucket, Massachusetts, New Englanders, Martha's

☆ Homes on billionaire hot spot Nantucket are falling into the ocean at an alarming rate — but the wealthy won't stop buying
▼ + stars: | 2024-05-24 | by ( Madeline Berg | Dan Latu | ) www.businessinsider.com time to read: +14 min

Over the past two centuries, Nantucket has gone from a whaling town to a hippie refuge to a holiday hot spot for billionaires. "To use a well-worn phrase, come hell or high water, people are still buying multimillion-dollar homes on Nantucket." Between 2030 and 2100, the number of structures exposed to coastal erosion is expected to go from 113 to 860. "Without erosion, this would be an extremely valuable area," Baxter Road resident Joshua Posner told BI. "It's not inexpensive, but it is worth doing," Posner told BI.

Persons: Steve Schwarzman, Eric Schmidt, Barry Sternlicht, Elizabeth Gibson, David L, Ryan, Bruce Percelay, Edward Sanford's, he'd, Percelay, Greg Mckechnie, you'd, Barry Sternlicht's, Suzanne Kreiter, Shelly Lockwood, who's, I'm, Joshua Posner, Jack Welch, Bill Belichick, —, Sanford, Lockwood, Nature, Yorker Brendan Maddigan, Maddigan, Mckechnie, Schwarzman, She's, Posner, he's, Helmut Weymar, Anne Atherton Organizations: Resilience, Business, Boston Globe, Getty, Estate, Nantucket, Coastal, Nantucket's Cisco, Cisco, Beach, Patriots, Yorker, Preservation Fund, Baxter, Conservation, Conservancy, The New York Times, Conservation Commission, Nature Locations: Nantucket, England, Cape Cod, Nantucket's, Madaket, Sconset, Brant, Baxter

☆ Why the biggest real estate funds still struggle
▼ + stars: | 2024-05-17 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

Read previewBlackstone, the world's largest landlord, contends the worst is over for commercial real estate. In the first quarter, shareholders in Blackstone Real Estate Income Trust, or BREIT, its $59 billion flagship real estate investment fund, pulled out almost a billion dollars a month on average, according to the company's first-quarter earnings statement. A similar investment fund operated by Barry Sternlicht's Starwood Capital has had an even greater retreat by investors. Share pricing is determined through appraisals of the value of the underlying real estate holdings. In May, Blackstone Real Estate Partners X also completed the $3.5 billion acquisition of Tricon Residential, an owner of single family rental homes.

Persons: —, Barry Sternlicht's, Kevin Gannon, BREIT, reinvigorating, anemic, REITs, Jonathan Gray, Blackstone Heidi Gutman, NBCUniversal, Jon Gray, they're, Gray, outperformance, redemptions, Blackstone, Gannon, They're, Sternlicht, Todd Henderson, REIT, Henderson, It'll Organizations: Service, Investors, Income Trust, Business, Barry Sternlicht's Starwood Capital, Starwood Real, Blackstone, Starwood, KKR, Apollo, Federal Reserve, Communities, Blackstone Real Estate Partners, Tricon Locations: Blackstone, Brookfield, BREIT, Tricon, Nashville, DWS

☆ Billionaire's million-dollar Nantucket beach house has officially been swept away
▼ + stars: | 2024-04-25 | by ( Madeline Berg | Dan Latu | ) www.businessinsider.com time to read: +6 min

This story is available exclusively to Business Insider subscribers. AdvertisementA representative for Sternlicht told Business Insider the house was to be demolished but did not provide further comment. The tony island of Nantucket is a favorite among billionaires like former Google CEO Eric Schmidt and Blackstone leader Steve Schwarzman. "Erosion takes out houses, roads, infrastructure, sewer beds, even airport runways," he told Business Insider. Despite the island's propensity for natural destruction, the town has strict rules regarding what structures owners can take down.

Persons: Barry, Sternlicht, Forbes, Shelly Lockwood, tony, Eric Schmidt, Steve Schwarzman, James Pallota, Pallota, Lockwood, Brendan Maddigan, Steven Cohen, Cohen Organizations: Service, Billionaire, Business, Sternlicht, Nantucket Current, Blackstone, Celtics, Boston Globe Locations: Nantucket

Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. "Sam and OpenAI were the catalyst that showed the world what AI tech is capable of," Jannsen said. Silicon Valley's high-profile startup CEO firings typically involve wrongdoing, rather than just philosophical differences about where the company is headed. "Sam Altman is a hero of mine," former Google CEO and investor Eric Schmidt said in an X post. — CNBC's Lora Kolodny contributed to this report WATCH: OpenAI says Sam Altman exiting as CEO because 'board no longer has confidence.'

Persons: Sam Altman, Carlos Barria, OpenAI, Steve Jobs, Altman, —, Jobs, U.S . Altman, Mark Zuckerberg, Jeff Bezos, Elon Musk, Greg Brockman, Brockman, Ron Conway, Greg, Brian Chesky, Matt Schlicht, Schlicht, Sam, Ryan Jannsen, Jannsen, Patrick Moorhead, They're, Moorhead, Josh Wolfe, Wolfe, he'd, Eric Schmidt, Tom Williams, Airbnb's Chesky, what's, Chesky, Satya Nadella, Zachary Lipton, Carnegie Mellon's Lipton, Lipton, — CNBC's Lora Kolodny Organizations: Economic Cooperation, Reuters, ChatGPT, Apple, U.S ., Amazon, Tesla, Microsoft, Tiger, Sequoia Capital, CNBC, Google, Lux Capital, Cq, Inc, Getty, Carnegie Mellon University, Industry Locations: Asia, San Francisco , California, U.S, Silicon Valley, OpenAI, what's, —

NEW YORK (AP) — For what it's worth, CNN's best-known international journalist, Christiane Amanpour, also found it odd that she's had little visible presence on the company's North American network for the past several years. The London-based Amanpour envisions her show as a weekly letter to Americans about what is going on in the world and why it's important to them. Amanpour, 65 and celebrating her 40th year at CNN, was for a long time the face viewers were most likely to see reporting from the world's hotspots. That has primarily, although not always, been left to others since she began hosting the studio show “Amanpour” each weekday. I know we can live in a world that's not 100% tribalized.”Amanpour said she's optimistic about Mark Thompson, a fellow Brit who recently began as CNN's new chief.

Persons: Christiane Amanpour, Chris Wallace, Michael Smerconish, Victor Blackwell, Amanpour, ”, “ I've, I've, Yitzhak Rabin, Sameh Shoukry, Jane Hartley, Sir Robert John Sawers, —, ” Amanpour, Mark Thompson, Chris Licht's, Donald Trump, “ Organizations: CNN, CNN International, PBS, Associated Press, Brit, Columbia Journalism School Locations: London, United States, Israel, U.S, Britain

☆ After a year of chaos, CNN bets on new CEO Thompson to focus on long-term viability
▼ + stars: | 2023-09-19 | by ( Alex Sherman | ) www.cnbc.com time to read: +5 min

Entelis, Moseley, Sherling and Leavy all plan to stay at CNN as Thompson takes over as CEO, according to people familiar with the matter. Programming CNN MaxBefore joining The New York Times, Thompson was director-general — a combination of chief executive and editor-in-chief — of the British Broadcasting Corporation. He'll have a chance to develop new shows at CNN Max, a tab in Warner Bros. With CNN Max, Thompson will try to program for a younger audience. Thompson will have some runway to invest in CNN Max.

Persons: Brandon Bell, Mark Thompson, Thompson, Donald Trump, Entelis, CNN hasn't, Licht, Jeff Zucker, Andrew Morse, CNN Max, CNN's, —, Zucker, Jason Kilar, Max, JB Perrette, Gabelli's Kevin Dreyer Organizations: CNN, Getty, Licht, Warner Bros . Discovery, Republican, The New York Times, Times, New York Times, CNN.com, Athletic, British Broadcasting Corporation, Warner Bros, U.S, Variety, Disney Locations: Atlanta , Georgia, Thompson's, Moseley, Sherling

☆ CNN taps media veteran Thompson as CEO to spearhead turnaround
▼ + stars: | 2023-08-30 | by ( Aditya Soni | ) www.reuters.com time to read: +3 min

With Thompson, Warner Bros Discovery is turning to an executive with ample experience at the top level, unlike Licht - a former TV producer who had worked on "The Late Show With Stephen Colbert" and MSNBC's "Morning Joe". During his 8-year tenure as the CEO of the Times, Thompson helped transform the Gray Lady into a beacon for newspapers in the internet age by focusing on digital subscriptions. "Mark is a true innovator who has transformed for the digital age two of the world's most respected news organizations," Warner Bros Discovery CEO David Zaslav said. CNN Max is looking to capitalize on the immediacy of breaking news and analysis, differentiating it from CNN+, which featured lifestyle programs. Those estimates are for the CNN networks that operate in the United States, including CNN en Español and CNN International.

Persons: Mark Thompson, Neil Hall, Thompson, Chris Licht, Donald Trump, Stephen Colbert, David Zaslav, Joe Biden, Ron Desantis, CNN Max, Paolo Pescatore, Licht, Jeff Zucker, Aditya Soni, Chavi Mehta, Shinjini Organizations: BBC, REUTERS, Warner Bros Discovery, CNN, New York Times, Republican U.S, Times, Trump, Democratic, Warner Bros, Atlantic, P Global Market Intelligence, Español, CNN International, Fox News, MSNBC, Nielsen, Thomson Locations: London, Florida, Trump, United States, Bengaluru

☆ Mark Thompson, former New York Times Company and BBC exec, expected to serve as the next CEO of CNN after Chris Licht's epic PR fail, according to new report
▼ + stars: | 2023-08-30 | by ( Kelsey Vlamis | Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

Puck reported CNN has tapped Mark Thompson to step in as CEO and chairman. Thompson formerly served as CEO of the New York Times Company and director general at the BBC. The news comes after Chris Licht stepped down following low ratings and what many called a PR disaster. AdvertisementAdvertisementMark Thompson, who formerly served as CEO of the New York Times Company and director general at the BBC, has been tapped to take over as CEO and chairman at CNN, Puck News first reported Tuesday. Licht's 13 months at CNN were characterized by big shakeups and a widely criticized town hall with former President Donald Trump.

Persons: Puck, Mark Thompson, Thompson, Chris Licht, Puck's Dylan Byers, bigwigs, Nich Carlson, Licht's, Donald Trump Organizations: CNN, New York Times Company, BBC, Puck News

☆ CNN names former New York Times CEO Mark Thompson as its chief
▼ + stars: | 2023-08-30 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +9 min

Mark Thompson is stepping in as the next CEO and chairman of CNN. Discovery CEO David Zaslav told staff in a note Wednesday. Before closing the deal, Zaslav had appointed Licht as CNN's CEO, who was previously the chief executive behind the "CBS This Morning" news program and "Morning Joe" on MSNBC. While network executives Amy Entelis, Virginia Moseley, Eric Sherling and David Leavy led CNN since Licht left CNN, Warner Bros. Shortly, we will announce that highly respected news executive Mark Thompson will be joining our leadership team as Chairman and CEO, effective October 9, reporting directly to me.

Persons: Mark Thompson, Thompson, Chris Licht, Thompson's, David Zaslav, Jeff Zucker, –, Andrew Cuomo, Zucker's, Chris Cuomo, Zucker, Zaslav, Licht, Joe, network's, Donald Trump, Kaitlan Collins, Amy Entelis, Virginia Moseley, Eric Sherling, David Leavy, Read, Mark, Amy, Eric, I've, David Read, you've, David Zaslav's, Wagner, you'll Organizations: CNN, Parent, Warner Bros, Discovery, The New York Times, BBC, Warner Bros . Discovery, Max, New York Gov, MSNBC, CNN Worldwide, Times, Tiananmen Locations: U.S, David, Virginia, London, Washington, DC

☆ How insiders are reacting to Mark Thompson, CNN's new CEO, and how they think he'll tackle the network's challenges: 'He wants to be involved in editorial'
▼ + stars: | 2023-08-30 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

WBD named Mark Thompson as CNN's new CEO in a shift by David Zaslav to an experienced news leader. Thompson is widely credited with turning the Times into a digital powerhouse, transforming a news organization that was teetering financially. Under Thompson, there also were flops along the way to success for the Times, like the failed NYT Now mobile app. Thompson is expected to be involved in editorialObservers and insiders expressed optimism about the Thompson news. They also will be watching to see how he will carry out WBD CEO David Zaslav's commitment to providing a wider range of political viewpoints, including conservative ones.

Persons: WBD, Mark Thompson, David Zaslav, Thompson, Chris Licht, Ken Doctor, Meredith Kopit Levien, who'd, Times —, Levien, Nate Silver, Jill Abramson, Abramson, wouldn't, Mark, Donald Trump, David Zaslav's, He'll, Jeff Zucker, I've, Zaslav, Licht, he'd, Semafor, James Harding, Andrew Ross Sorkin, he's, Jonathan Miller, Miller, Amy Entelis, David Leavy, Virginia Moseley, Eric Sherling, who's, Leavy Organizations: CNN, New York Times, Warner Bros, Discovery, Max, longtime Times, Times, ESPN, ABC, Observers, BBC, Company, Integrated Media Co, Editorial Locations: British

☆ CNN is reportedly in talks to bring in a British boss to clean up Chris Licht's mess
▼ + stars: | 2023-08-28 | by ( Chris Johnston | ) www.businessinsider.com time to read: +4 min

Two British media figures have been linked with the top job at CNN, Semafor reported. Mark Thompson, the former New York Times Company CEO, is the "leading candidate," per the outlet. Not one, but two, British media figures have been linked with the role, Semafor first reported. Before an eight-year stint as The New York Times boss, he was director-general of the BBC. The decision to launch CNN Max comes about year after the company axed CNN+.

Persons: Semafor, Mark Thompson, James Harding, Chris Licht, Licht, Donald Trump, He'd, Jeff Zucker, Thompson, he'd, Semafor's Ben Smith, David Zaslav, Oli Scarff, Harding, WBD, CNN Max Organizations: CNN, New York Times Company, BBC News, Morning, The, Street Journal, New York Times, BBC, Financial Times, Washington DC, Max Locations: British, London, AFP, Asia, Washington

☆ Real estate billionaire Barry Sternlicht says the storm heading for the sector is unavoidable - and recession is coming despite soft landing talk
▼ + stars: | 2023-07-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The billionaire Starwood CEO predicted a coming recession and "Category 5 hurricane" in the real estate sector. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyA storm is headed for the real estate sector, and a recession is coming despite growing talk of a soft landing, according to real estate billionaire Barry Sternlicht. Higher rates and tighter financial conditions spell trouble for the real estate sector in particular. "I like to say there's a hurricane over real estate right now. While labor markets are hot still, inflation is steadily cooling, leading to talk of a Goldilocks scenario in which the Fed can lower inflation without crushing demand or crimping growth.

Persons: Barry Sternlicht, Sternlicht, David Rubenstein Organizations: Starwood, Service, Starwood Capital CEO, Bloomberg Wealth, Board Locations: Wall, Silicon

☆ Commercial real estate is being battered by a 'hurricane' as higher interest rates bite, billionaire investor Barry Sternlicht says
▼ + stars: | 2023-07-21 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Commercial real estate is in a "Category 5 hurricane" from rate hikes, Barry Sternlicht said. The commercial real estate industry is in a "Category 5 hurricane" from the the Federal Reserve's interest rate hikes, according to billionaire investor Barry Sternlicht. After months of tight monetary policy, the Fed paused its interest-rate hiking cycle in June amid rising fears about the commercial real estate and banking sectors. A combination of higher interest rates, a credit squeeze, and remote work trends are squeezing the commercial real estate industry. Still, he remains optimistic: "When the Fed basically tells you they're done, I think real estate will catch a very firm bid."

Persons: Barry Sternlicht, David Rubenstein, Sternlicht Organizations: Bloomberg, Sternlicht's Starwood Capital Group, Starwood Capital, Fed Locations: Atlanta

☆ A former CNN reporter is suing the network for racial discrimination, alleging she was told she didn't have 'the look' for presenting
▼ + stars: | 2023-07-10 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

A former CNN reporter is suing the company for discrimination and improper dismissal. A former CNN reporter is suing the network for racial discrimination and improper dismissal. Saima Mohsin, a former international correspondent for CNN, broke her foot in 2014 while on assignment covering the Israel-Palestine conflict. "I worked hard to become an international correspondent and loved my job with CNN," Mohsin says in the claim, according to The Guardian. "My management believes they did the right thing as service to the American people," Christiane Amanpour, CNN's chief international correspondent, said in a Columbia Journalism School commencement speech.

Persons: Saima Mohsin, Mohsin, we'll, Don Lemon, Lemon, Chris Licht, Christiane Amanpour, Donald Trump Organizations: CNN, Guardian, Twitter, Trump Town Hall, Columbia Journalism School, The New York Post Locations: Israel, Palestine, London

☆ With more than $1 billion in deals in the works, Wall Street is poised to get back into the home buying game
▼ + stars: | 2023-06-21 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

Wall Street landlords raised $110 billion to buy homes but have had a quiet year. One large transaction, and one large listing, could signal that investors are ready to start buying. The single-family rental market, a popular playground of Wall Street landlords in 2020 and 2021, has been in a deep-freeze for the last year. Rising borrowing costs and a shakier housing market halted most transactions, leaving idle much of the $110 billion raised to buy homes. The company, which was valued at nearly $2 billion last year, says it has facilitated more than $5 billion in deals.

Persons: dealmaking, Goldman Sachs, Don Mullen, DR, Barry Sternlicht's, redemptions, Gary Beasley, Roofstock, Allison Arest, Topping, Beasley, Morgan Stanley's, Ellen Zentner, Jay Powell, LeMaistre, everybody's Organizations: Bloomberg, Barry Sternlicht's Starwood Group, Fed Locations: Beach

☆ Who will be the next CEO of CNN? 12 execs who could be in the running to replace Chris Licht, according to company insiders and news veterans.
▼ + stars: | 2023-06-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Warner Bros. Discovery chief David Zaslav is faced with finding another CEO for CNN after Chris Licht's exit. Just over a year after appointing Chris Licht to run CNN, Warner Bros. Discovery chief David Zaslav now faces the task of finding his replacement. He might look for a woman or person of color to bring diversity to a Warner Bros.

Persons: David Zaslav, Chris Licht's, Amy Entelis, Chris Licht, Zaslav, he's, he'll, CNN's, WBD, that's, Licht, Virginia Moseley, Eric Sherling, David Leavy, Claire Atkinson Organizations: Warner Bros . Discovery, CNN, Company, that's, Warner Bros, Discovery, Comcast

☆ What we talk about when we talk about diversity, and CNN
▼ + stars: | 2023-06-10 | by ( Trisha Gopal | ) www.businessinsider.com time to read: +7 min

This week, CNN CEO Chris Licht was fired after a scathing profile was published in the Atlantic. In the profile, Licht details his own thoughts about how diversity should be defined in the media industry. In Alberta's profile, Licht claimed to be operating under his own idea of "diversity," one that does not include "virtue signaling." "I think 'Defund the police' would've been covered differently if newsrooms were filled with people who had lived in public housing," Licht continued. The diversity Licht did seem to value was geographic diversity, which can be a coded way of saying "not from the liberal coasts."

Persons: Chris Licht, Licht, MAGA, Stephen Gutowski, Trump, Tim Alberta, Jean Carroll, Kevin McCarthy, Rick Scott, Jim Acosta's, Brian Stelter's, Warner, David Zaslav, Franklin Leonard, Washington Post's Perry Bacon Jr, John Miller, Miller, Lehman, Tara Narula, Don Lemon, Reagan, Lisa Ling, Kamau Bell, New York Mondaire Jones, Jones, Kaitlin Collins, Lemon, Poppy Harlow, Collins, Laura Coates Organizations: CNN, NRA, Atlantic, Warner Bros, Discovery, Republicans, Harvard, Insider, NYPD, Stanford, Catholic, LSU, Republican, White House, Daily, White Locations: Alberta, Washington, New York City, Baton Rouge , Louisiana, Birmingham , Alabama, Mobile , Alabama, New York, Alabama, Asia

☆ Who will replace Chris Licht as CEO at CNN? These 12 execs could be in the running, according to company insiders and news veterans.
▼ + stars: | 2023-06-09 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

☆ A New York supermarket billionaire said he wants to buy CNN and that he just wants $1 per year for it
▼ + stars: | 2023-06-09 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +2 min

New York supermarket billionaire John Catsimatidis said he wants to buy CNN, per the New York Post. "I'd go run the place tomorrow morning, and all I'd want is $1 per year and a piece of the upside," he said. Catsimatidis — an outspoken Trump supporter — has a net worth of $4.1 billion, per Forbes. Just two days after embattled CNN CEO Chris Licht stepped down from his role in the aftermath of a brutal profile of his leadership, a New York supermarket billionaire said he wants to buy CNN from its parent Warner Bros. That is the craziest thing in the world," Catsimatidis — an outspoken Trump supporter — told 77 WABC.

Persons: John Catsimatidis, Catsimatidis, Trump, —, Chris Licht, Sid Rosenberg, Catsimatidis —, Forbes —, Donald Trump's, Donald Trump Organizations: CNN, New York, Forbes, Morning, Warner Bros ., WABC, Wall Street Journal, Warner Bros Locations: York, New York, New York City

☆ CNBC Daily Open: Winds of change are blowing, but the haze remains
▼ + stars: | 2023-06-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +1 min

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

☆ Stephen Colbert gave ousted CNN chief Chris Licht a hilarious on-air tribute a year before CNN fired him
▼ + stars: | 2023-06-08 | by ( Edith Honan | ) www.businessinsider.com time to read: +4 min

Before Chris Licht became CEO of CNN, he was the showrunner for "The Late Show with Stephen Colbert" on CBS. Licht lost his job this week after a disastrous profile in The Atlantic made him seem clueless and aloof. It was just over a year ago that Licht was treated to a hilarious and heartfelt goodbye from "The Late Show with Stephen Colbert." Stephen Colbert and Chris Licht during the February 28, 2022 show. Colbert and Licht then embrace to the music from Bette Midler's "Wind Beneath my Wings."

Persons: Chris Licht, Stephen Colbert, Licht, —, Colbert, nudging, Jimmy Fallon's, Joe, David Zaslav, Jeff Zucker's, Colbert's sendoff, Scott Kowalchyk, Shriekin, Bette Midler's, Tim Alberta, Colbert hasn't Organizations: CNN, CBS, Service, Warner Bros, Getty, Writers Guild of America, New York Times Magazine

☆ CNN needs more than a new CEO. It needs a business strategy
▼ + stars: | 2023-06-08 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Chris Licht, Chairman and CEO, CNN Worldwide, speaks onstage during the Warner Bros. Warner Bros. But Licht's entire tenure at CNN could have turned out differently had he persuaded Zaslav to keep CNN+. Perrette told the CNN+ leadership to pause all marketing spending and not to launch on Roku. A Warner Bros.

Persons: Chris Licht, David Zaslav, Licht, Donald Trump, Zaslav, David Leavy, Jake Tapper's, Anderson Cooper, Andrew Morse, Alex MacCallum, Robyn Peterson, Neal Chugani, Perrette, financials Organizations: CNN Worldwide, Warner Bros, Madison, Garden, Discovery, CNN, Warner Bros . Discovery Locations: New York City

☆ 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

☆ CNN management focused on 'listening' and 'getting back to work' as the network moves on from Chris Licht
▼ + stars: | 2023-06-08 | by ( Trisha Gopal | Lucia Moses | ) www.businessinsider.com time to read: +9 min

A trio of longtime executives have taken charge at CNN following the exit of Chris Licht. There's a moment in Tim Alberta's brutal profile of CNN's now-former CEO Chris Licht where Licht awkwardly takes a jab at his predecessor Jeff Zucker. The following Monday, as Licht attempted to quell growing calls for his ouster, Licht told CNN staff: "As I read that article, I found myself thinking, CNN is not about me. Jeff Zucker and Chris Licht at an event in 2019, back when Zucker still ran CNN and Licht was the showrunner on The Late Show on CBS. If Licht was seen as mismanaging CNN's top talent, Entelis, in particular, is known to be the queen of talent.

Persons: Chris Licht, David Leavy, Amy Entelis, Tim Alberta's, CNN's, Licht, Jeff Zucker, Zucker, Donald Trump, Christiane Amanpour . Licht, Anderson Cooper, Jake Tapper, Kara Swisher, Mike Coppola, — Licht, Virginia Moseley, Eric Sherling, Wolf, David Zaslav, Zaslav, WBD, Leavy, We're, — Leavy, I'm, Kaitlan Collins, Don Lemon's, Poppy Harlow, Licht's, PATRICIA DE MELO MOREIRA, Jonathan Miller, Entelis, Peter Jennings, Ted Koppel, Anthony Bourdain, Eric Ripert, Masa Takayama, Turner, Lisa Ling's, Bell, Tapper —, CNN —, She's, — Organizations: CNN, Morning, Vox Media, CBS, ABC, Warner Bros, Warner Bros Discovery, HBO, Getty, BBC News Board, Integrated Media, CNN Worldwide, Masa Locations: Trump, Japan, America

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