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Warner Bros. Discovery announced Thursday that CNN Max will be added to its Max streaming service on Sept. 27, and will serve as a 24/7 live news hub. Discovery relaunched its flagship streaming service HBO Max as Max, combining content from Warner Bros. and Discovery+ under one roof. As for including sports on Max, Warner Bros. Discovery is targeting the start of MLB playoffs this fall to introduce sports on the streaming app, CNBC previously reported.
Persons: CNN Max, Jim Acosta, Rahel Solomon, Amara Walker, Fredricka Whitfield, Jim Sciutto —, Anderson Cooper, Jake Tapper, HBO Max, Max, Jeff Zucker, Chris Licht, Semafor, Mark Thompson, David Zaslav, we'll, We've, Zaslav, Warner, It's, Jim Sciutto Organizations: Cable News Network, CNN, Warner Bros . Discovery, Max, HBO, Warner Bros, Discovery, BBC, New York Times, MLB, CNBC Locations: Atlanta , Georgia
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
Why TV news executives are having a brutal year in 2023
  + stars: | 2023-08-14 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +4 min
In his place, CBS announced Monday that Wendy McMahon will be chief executive and president of CBS News, the network’s local stations, and CBS Media Ventures. The formidable task is reflective of the extraordinary challenges traditional media outlets are facing amid a period of rapid and existential change to their business models and advertising woes. Increasingly, there is no longer a single powerful media executive tasked with solving for the less-than-ideal set of circumstances. The industry veteran noted that there is less of a focus on making splashy — perhaps at times risky — moves to build for the future among the C-suite ranks. Instead, there is a mounting emphasis on slashing costs to best position the mammoth media companies for the inevitable decline of linear television.
Persons: CNN — It’s, Chris Licht, Noah Oppenheim, Kim Godwin, Bob Iger, Suzanne Scott, Neeraj Khemlani, I’m, Wendy McMahon, Ingrid Ciprian, Matthews, Helming, yesteryear, , Organizations: CNN, NBC News, ABC, Fox News, Voting, CBS News, CBS, CBS Media Ventures, GOP
CBS News chief Neeraj Khemlani reportedly stepping down
  + stars: | 2023-08-13 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +2 min
Neeraj Khemlani, president of CBS News, at the annual White House Correspondents' Association Dinner in Washington, U.S., April 29, 2023. Neeraj Khemlani, the president and co-head of CBS News and Stations, is stepping down from his role, according to a Sunday report from Variety. In his current role, Khemlani is responsible for running CBS News, its local stations and popular programs like "Face the Nation," "60 Minutes" and "CBS Evening News." It is not immediately clear who will succeed Khemlani, but CBS could announce the new executive as soon as Monday, Variety said. Before joining the network, Khemlani spent more than 10 years at Hearst, where he held a number of leadership roles like executive vice president of Hearst Newspapers, president of Hearst Entertainment and Syndication and chief creative officer.
Persons: Neeraj Khemlani, Khemlani, Variety, shakeup, CNN's Chris Licht Organizations: CBS, White, Correspondents, Variety, CBS Evening, Paramount, Hearst, Hearst Newspapers, Hearst Entertainment, Media Locations: Washington , U.S
CNN —CBS News President and co-head Neeraj Khemlani, who has led the Tiffany Network’s news division and local TV stations for a little more than two years, abruptly announced Sunday that he would step down from his role. “I have some news to share today, and I don’t want to bury the lede,” read a memo from Khemlani to staffers. During his tenure, Khemlani bolstered CBS News’ reporting ranks, luring prominent journalists such as Robert Costa and Cecilia Vega to the outlet. The CBS News chief was the subject of a human resources probe earlier this year. Khemlani is the third network news chief to exit in 2023.
Persons: Khemlani, Tiffany, , , I’ve, ” Khemlani, Simon, Simon & Schuster, Wendy McMahon, George Cheeks, Robert Costa, Cecilia Vega, Chris Licht, Noah Oppenheim Organizations: CNN, CBS, Simon &, Khemlani, CBS News, Evening, , NBC, ABC, NBC News
CNN —Variety has a mess on its hands. Former CNN chief Jeff Zucker, The Atlantic journalist Tim Alberta, and Puck Editor-In-Chief Jon Kelly have all called for the outlet to publicly correct the record. But, thus far, Variety has resisted taking any such action, outside quietly removing the widely panned Tatiana Siegel-written feature from its online homepage. The outlet’s deafening silence comes as the piece begins to fall apart in public. (It goes without saying that Zucker’s camp denied to Siegel that this ever happened, but she printed it anyway.)
Persons: Jeff Zucker, Tim Alberta, Puck, Jon Kelly, Tatiana Siegel, Chris Licht, , Byers, Zucker, Siegel, David Zaslav, ” Byers, Siegel weaved, imploring, Natalie Korach, Zucker’s, Ramin Setoodeh, Cynthia Littleton, Korach, Kelly, Puck’s, , Jeffrey Goldberg, , ” Goldberg Organizations: CNN, Variety, The Atlantic, Warner Bros, Penske Media Corporation, PMC, The Locations: . Alberta, ” Alberta, Miami, cabanas, , Russian, Littleton
Insiders are speculating more layoffs and organizational changes are on the way. The media giant is wrapping its ad sales upfront period, where sales have been soft across the industry. Discovery has parted ways with another top ad sales exec, and insiders are speculating that more layoffs and changes are on the way. He's also a vet of Hulu ad sales and active in digital advertising, serving on the board of trade group the Interactive Advertising Bureau. Keller's exit is the second big WBD ad sales departure this year; John Dailey stepped down from his position as SVP of ad sales in March.
Persons: Discovery's, salespeople, Jim Keller, Jon Steinlauf —, Keller, He's, WBD, Keller didn't, Chris Licht, Steinlauf, David Zaslav, John Dailey Organizations: Warner Bros, Insiders, HBO Max, Hulu, Interactive, CNN, Discovery Locations: 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
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
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
Former CNN anchor Don Lemon is speaking out two months after he was ousted from the anchor's chair. Lemon, who worked at CNN for 17 years, told ABC24 Memphis he wasn't in a "rush" to land a new gig. Former CNN anchor Don Lemon in a recent interview spoke of his commitment to the pursuit of truth two months after his ouster from the network that employed him for 17 years. CNN is unable to corroborate the alleged accounts," the network said at the time. After a turbulent 13-month tenure at the helm of CNN, Licht was also fired from his position earlier this month.
Persons: Don Lemon, Lemon, ABC24, ABC24 Memphis, I'm, Nikki Haley, Chris Licht, Haley, Licht Organizations: CNN, Morning, ABC, Republican Locations: ABC24 Memphis, American, insurrectionists, Memphis, Tenn, South Carolina
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
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Persons: Dow Jones, a1d3bc5a
A Fox News chyron called Biden a "wannabe dictator" who had his "political rival" Donald Trump arrested. Fox said in a statement Wednesday that "the chyron was taken down immediately and was addressed." Fox did not explain how the message made it onto the screen and how the matter was addressed. While Fox News aired Trump's speech live, MSNBC did not. MSNBC's Rachel Maddow made a similar pronouncement before that network chose not to air Trump's speech live.
Persons: chyron, Biden, Donald Trump, Mediaite, , Joe Biden, Fox, General Merrick Garland, Jack Smith, Trump, Karine Jean, Pierre, — Trump, Joe Tacopina, Sean Hannity's, William Barr, Jonathan Turley, Tucker Carlson, Carlson, Sara Just, Chris Licht, Jake Tapper, Tapper, It's, It's Mr, Rachel Maddow, Maddow Organizations: Fox, Service, — Fox, PBS, Trump, CNN, Fox News, White, Twitter, YouTube, MSNBC, GOP Locations: New Jersey, Jersey, New York
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
What Chris Licht Got Right and Wrong at CNN
  + stars: | 2023-06-09 | by ( Holman W. Jenkins | ) www.wsj.com   time to read: 1 min
Holman W. Jenkins Jr. is a member of the editorial board of The Wall Street Journal. Mr. Jenkins joined the Journal in May 1992 as a writer for the editorial page in New York. In February 1994, he moved to Hong Kong as editor of The Asian Wall Street Journal's editorial page. Mr. Jenkins won a 1997 Gerald Loeb Award for distinguished business and financial coverage. Born in Philadelphia, Mr. Jenkins received a bachelor's degree from Hobart and William Smith Colleges and a master's degree in journalism from Northwestern University.
Persons: Holman W, Jenkins, Mr, Gerald Loeb, William Smith Organizations: Street, William, William Smith Colleges, Northwestern University, University of Michigan Locations: New York, Hong Kong, San Francisco, Philadelphia, Hobart
Warner Bros Discovery and Tesla helped push the market higher this week, as the S & P 500 approached its fourth straight week of gains. Warner Bros Discovery popped 19% week to date, and still has another 47% upside — based on FactSet's average analyst price target. About 59% of the analysts covering the stock rate it a buy. Meanwhile, Tesla 's ride higher continued this week, with the electric vehicle maker climbing about 16% since Monday. Norwegian has rallied more than 41% in 2023, but just 37% of analysts covering the stock rate it a buy.
Persons: Tesla, Chris Licht, Donald Trump, Itay Michaeli Organizations: Warner Bros Discovery, Warner Bros, CNN, GM, Ford, Citi, Cruise, Cruises Locations: Norwegian
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
Who wants to be a CEO right now?
  + stars: | 2023-06-09 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +3 min
Let's be real: Being a CEO sucks right now. But 2023 has brought a level of scrutiny that makes being a CEO today a nightmare for even the toughest leader. CNN's former chief Chris Licht stepped down on Wednesday after less than a year, following intense criticism from inside and outside his newsroom. Meme stock company GameStop fired its CEO Matthew Furlong on the same day as Licht, also after a short tenure. At the low point of a boom-and-bust cycle where high interest rates and high expectations reign supreme, being a CEO sucks.
Persons: Let's, CNN's Chris Licht, , Jack Welch, CNN's, Chris Licht, Licht, Matthew Furlong, Jeff Shell, Jack Bowles, Patience, Matt Turner, Raul Vargas Organizations: Corporate, Service, General Electric, Observers, GameStop, Google, Farmers Group Locations: freefall, British
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
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
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
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
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
GameStop — The meme stock tumbled nearly 18% after the company fired CEO Matthew Furlong and appointed Ryan Cohen as executive chairman, effective immediately. Carvana — Shares popped 56% after the online car seller issued an upbeat outlook for the second quarter. Carvana said it now expects non-GAAP total gross profit per unit to come in above $6,000 in the second quarter. Smartsheet — Smartsheet tanked more than 17.5% after the software company said billings came in at $215.5 million, falling short of a StreetAccount estimate of $217.1 million. Trip.com posted earnings per share of 43 cents, beating a StreetAccount estimate of 26 cents.
Persons: Matthew Furlong, Ryan Cohen, Wells, Carvana, Wolfe, Fisker, Rod Lache, Chris Licht, Jefferies, billings, Lilly Pulitzer, Tommy Bahama, Trip.com, Yun Li, Alex Harring, Sarah Min, Michelle Fox, Tanaya Macheel Organizations: GameStop, Signet, Signet Jewelers, Wolfe Research, Warner Bros, CNN, Wynn Resorts, Sands, Mobile, Adobe —, Adobe, Oxford Industries Locations: Wells Fargo, Las, Macao
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