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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
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
Major CNN talent voiced concerns about CEO Chris Licht, The Wall Street Journal reports. The report follows a disastrous profile of Licht in The Atlantic by Tim Alberta. As if things weren't rocky enough for CNN Worldwide CEO Chris Licht, a new report from The Wall Street Journal revealed top on-air talent voiced concerns about the CEO to incoming COO David Leavy. The Journal, citing anonymous sources close to the matter, reported that Anderson Cooper, Jake Tapper, and Erin Burnett have all criticized Licht. The Journal reported that Licht is seen as more aloof and walled off from the newsroom, which contrasts with the style of his predecessor Jeff Zucker, who was often in the scrum.
Persons: Chris Licht, David Leavy, Tim Alberta, Anderson Cooper, Jake Tapper, Erin Burnett, Licht, Donald Trump, Leavy, Tim Alberta's, he's, Jeff Zucker, Poppy Harlow, Kaitlan Collins, Don Lemon, Lemon, Nikki Haley, isn't, , Cooper, Tapper, Insider's, Nich Carlson Organizations: CNN, Street, Morning, CNN Worldwide, Wall, Republican, GOP, Hall, Trump Locations: South Carolina
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMedia stocks move higher following departure of CNN CEO Chris LichtBrian Stelter, media commentator and former CNN anchor, and CNBC.com media reporter Alex Sherman, join 'The Exchange' to discuss the departure of CNN's Chairman and CEO Chris Licht, headwinds facing CNN, and the potential for a sale of CNN.
Persons: Chris Licht Brian Stelter, Alex Sherman, Chris Licht, headwinds Organizations: Email Media, CNN
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
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
Women are more likely to be promoted to top jobs when times are tough. Research shows that women and people of color are more likely to be promoted to top jobs when companies are going through tough times, or when a company is most likely to fail. CNN is certainly going through tough times. His tenure at the Warner Bros. Discovery-owned CNN was a rough run, defined by layoffs, a shrinking audience, and an increasingly angry newsroom. Two of the three editorial leads put in charge of the network on Wednesday in the interim are women.
Persons: CNN's, shouldn't, Chris Licht, Licht, Dylan Byers, Puck, Zucker, Jennifer Reynolds, Michelle Ryan, Elon Musk, Linda Yaccarino, Rebecca Knight Organizations: Research, CNN, Warner Bros ., Trump, Corporate, Twitter Locations: WBD
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
CNN CEO Chris Licht steps down
  + stars: | 2023-06-07 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNN CEO Chris Licht steps downCNBC's David Faber and Jim Cramer reports on the latest news.
Persons: Chris Licht, CNBC's David Faber, Jim Cramer
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNN is a 'nonstop headache' for Warner Bros. Discovery, says Lightshed's Rich GreenfieldRich Greenfield, Lightshed Partners co-founder, joins 'Last Call' to discuss Chris Licht's departure from CNN, a possible spin-off for CNN, and more.
Persons: Lightshed's Rich Greenfield Rich Greenfield, Chris Licht's Organizations: CNN, Warner Bros, Lightshed Partners
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 will step down, Puck reported Wednesday. He was the subject of a disastrous Atlantic profile published Friday. Embattled CNN CEO Chris Licht will be shown the door, according to reporting Wednesday from Puck's Dylan Byers, as well as CNN itself and The New York Times. COO David Leavy, who Zaslav installed last week to run the business side of CNN, will continue to do so, Byers reported. The Wall Street Journal reported Monday that top CNN talent including Anderson Cooper, Jake Tapper, and Erin Burnett had criticized Licht to Leavy.
Persons: Chris Licht, Puck, Licht, Puck's Dylan Byers, I'm, Byers, Amy Entelis, Jeff Zucker, Entelis, David Zaslav, David Leavy, Zaslav, Oliver Darcy, Anderson Cooper, Jake Tapper, Erin Burnett Organizations: CNN, New York Times, Warner Bros, Discovery, CNN Films, Street
CNN Parts Ways With CEO Chris Licht
  + stars: | 2023-06-07 | by ( ) www.wsj.com   time to read: 1 min
Wildfire Smoke Poses Health Risks: Here’s How to Protect YourselfSmoke from hundreds of wildfires in Canada is posing a health risk for millions of people. WSJ’s Aylin Woodward explains the dangers, what you can do to protect yourself and when we could see relief. Photo: Lev Radin/Zuma Press
Persons: WSJ’s Aylin Woodward, Lev Radin Locations: Canada
Affirm — Shares of the payments company surged 6% after Affirm and Amazon announced a new compatibility feature. Stitch Fix — The stock soared about 32% after the online personalized styling service company reported a narrower-than-expected loss for the fiscal third quarter. Stitch Fix posted a loss of 19 cents per share, compared with the 30-cent loss per share anticipated by analysts, according to Refinitiv. The company reported first-quarter earnings of $1.45 per share, while analysts polled by Refinitiv called for $1.24 per share. Revenue fell short of expectations, however, coming in at $597 million, versus the $602 million estimated by Wall Street.
Persons: Chris Licht, Buster's, Dave, Refinitiv, Morgan Stanley, Rosenblatt, Campbell, Canaccord Genuity, Coinbase, Wood, , Jesse Pound, Brian Evans, Darla Mercado Organizations: Amazon, Revenue, Warner Bros, Dave, Wall Street, GameStop, FactSet, Petrobras —, StreetAccount, U.S . Securities, Exchange Commission Locations: Refinitiv
Chris Licht is leaving his position as CEO of CNN after a tumultuous year in charge. CNN's parent company, Warner Bros. Warner CEO David Zaslav told employees in an email and a morning newsroom call he was taking responsibility for Licht's mistakes. CNN is once again searching for a new top executive just over a year after departing CEO Chris Licht took the job — and David Zaslav, CEO of CNN's parent company Warner Bros. Read the full memo Zaslav sent to CNN staff that was reported by Tani here:Spokespeople for CNN and Warner Bros.
Persons: Chris Licht, David Zaslav, Licht's, Puck's Dylan Byers, Zaslav, Semafor's Max Tani, Don Lemon, Brian Stelter, Donald Trump, Licht, Jeff Zucker, Oliver Darcy, Jake Tapper, Anderson Cooper, Tani Organizations: CNN, Warner Bros, Discovery, Warner, Wall Street Journal Locations: Trump
CNN CEO Chris Licht stepped down on Wednesday following a damning profile in The Atlantic. "The only person who hates bad press more than Chris Licht is ... David Zaslav," said one ex-CNN staffer. CNN CEO Chris Licht has stepped down after a damning profile in The Atlantic signaled the end to a tumultuous 14 months on the job. Licht stepped into the role in April 2022 after the merger that formed Warner Bros. David Zaslav, the head of the parent company, and John Malone, a big investor, have very specific *editorial ideas for how news should work.
Persons: Chris Licht, David Zaslav, Jeff Zucker, Licht, Oliver Darcy, Brian Stelter, Jamie Stelter, Brian, Kara Swisher, " Swisher, CNN's, Zucker, Glenn Greenwald, Edmund Lee, weren't Licht's, Greenwald, Lee, John Malone Organizations: CNN, Morning, Warner Bros, Wall Street Journal, NY1, Tech, New York Times Locations: Trump
CNN CEO Chris Licht has been hit with a torrent of criticism since a profile of him dropped Friday. CNN media reporter Oliver Darcy wrote that Licht had "lost the room." This time, it's coming from inside the house, as CNN media reporter delivered a brutal assessment of Licht in Monday night's Reliable Sources newsletter. "In the wake of The Atlantic's explosive story, I've spoken with dozens of staffers across the company," Darcy wrote. In fairness to Licht, Darcy also reported that the "somber" remarks the CEO delivered on Monday had "struck the right tone."
Persons: Chris Licht, Oliver Darcy, Licht, Darcy, Puck's Dylan Byers, Byers, Darcy wasn't, David Zaslav, Zaslav's, Zaslav, David Leavy Organizations: CNN, Morning, The Atlantic, Warner Bros Locations: Trump, America, Zaslav
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
As Republican candidates enter the race for their party’s 2024 presidential nomination, Times columnists, Opinion writers and others will assess their strengths and weaknesses with a scorecard. This entry assesses Mike Pence, the former vice president. He is polling well enough to be part of the Republican primary debates. Ross Douthat On paper, a former vice president known for his evangelical faith sounds like a plausible Republican candidate for president. But in practice, because of Pence’s role on Jan. 6 and his break with Donald Trump thereafter, to vote for Trump’s vice president is to actively repudiate Trump himself.
Persons: Mike Pence, Mike Pence’s, Frank Bruni, Kamala Harris, Chris Licht, Jane Coaston, Michelle Cottle, Ross Douthat, Donald Trump, Trump Organizations: Republican, CNN
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Persons: Dow Jones, 9a9cf19b Organizations: cnn
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
CNN CEO Chris Licht has apologized to his staff over a disastrous profile published by The Atlantic on Friday. Three days after The Atlantic published a bombshell profile about him, CNN CEO Chris Licht has apologized to his staff in an editorial call. The Atlantic profile, written by Tim Alberta, described Licht as aloof from staff, in contrast to his well-liked predecessor Jeff Zucker. Puck's Dylan Byers reports Licht told staffers on the call that he will move his office back to the newsroom. Insiders at CNN have also shared their theories on how the article became such an spectacular and ill-timed mess for Licht and CNN.
Persons: Chris Licht, Licht, Brian Stelter, Jake Tapper, Nikki Haley, I've, Tim Alberta, Jeff Zucker, Trump ., Puck's Dylan Byers Organizations: CNN, The Atlantic, Morning, GOP, Trump, CNN's New Locations: Alberta, CNN's, CNN's New York City
CNN —Chris Licht started CNN’s daily network editorial meeting on Monday by directly addressing the elephant in the room. “I want to say that I’ve spent the weekend doing a lot of thinking,” Licht told staffers, many of whom had dialed into the meeting specifically to hear from their embattled chief executive. Employees had not heard from Licht since The Atlantic’s Tim Alberta on Friday published a blistering 15,000-word profile on him. He said that he would “fight like hell” to win over the trust of the 3,500-person news organization he leads. In the immediate future, I’m told, Leavy is counseling Licht and CNN leadership’s primary goal is to stabilize the ship.
Persons: Chris Licht, I’ve, ” Licht, Licht, Tim Alberta, Donald Trump, , They’ve, David Leavy, David Zaslav, Zaslav, I’m, wouldn’t, WBD, Leavy Organizations: CNN, Employees, Hudson, Warner Bros, , North Star
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
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