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☆ 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

☆ 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

☆ Warner Bros. Discovery stock rises for second straight day as company pays down debt
▼ + stars: | 2023-06-08 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

The media giant has been contending with a heavy debt load stemming from the 2022 merger of Warner Bros. and Discovery. Warner Bros. Warner Bros. Warner Bros. Warner Bros.

Persons: Chris Licht, Wells Fargo, Steven Cahall, Cahall, David Zaslav Organizations: Warner Bros, CNN, Discovery, Warner Bros . Discovery, Public, Max, HBO, Discovery Channel, TLC Locations: U.S

☆ CNN CEO Chris Licht Is Out After Chaotic Year Atop News Network
▼ + stars: | 2023-06-07 | by ( Isabella Simonetti | Joe Flint | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/cnn-chief-executive-chris-licht-is-out-dff6f818

Persons: Dow Jones Organizations: cnn

☆ Top CNN Anchors Criticize CEO Chris Licht’s Leadership
▼ + stars: | 2023-06-07 | by ( Isabella Simonetti | Joe Flint | ) www.wsj.com time to read: 1 min

Persons: Dow Jones, 447a4f8e Organizations: cnn

☆ 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

☆ CNN Chairman and CEO Chris Licht is out after a brief and tumultuous tenure
▼ + stars: | 2023-06-07 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

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 shouldn't get a new CEO after the Licht debacle — here's what it needs instead
▼ + stars: | 2023-06-07 | by ( Alison Brower | ) www.businessinsider.com time to read: +4 min

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

☆ CNN's Chris Licht is facing an outraged newsroom and some are wondering if he'll survive — here are 16 top execs he's counting on to help him dig out
▼ + stars: | 2023-06-07 | by ( Lucia Moses | Alison Brower | Claire Atkinson | ) www.businessinsider.com time to read: +4 min

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

☆ David Zaslav Picked Chris Licht to Revamp CNN. Now What?
▼ + stars: | 2023-06-07 | by ( Benjamin Mullin | ) www.nytimes.com time to read: +2 min

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

☆ 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

☆ Stocks making the biggest moves midday: Affirm, Warner Bros. Discovery, Stitch Fix, Campbell Soup and more
▼ + stars: | 2023-06-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

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

☆ Media stocks move higher following departure of CNN CEO Chris Licht
▼ + stars: | 2023-06-07 | by ( ) www.cnbc.com time to read: 1 min

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

☆ Embattled CNN CEO Chris Licht is reportedly stepping down
▼ + stars: | 2023-06-07 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +2 min

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

☆ Chris Licht Is Out at CNN, Ending a Brief and Chaotic Run
▼ + stars: | 2023-06-07 | by ( John Koblin | Benjamin Mullin | ) www.nytimes.com time to read: 1 min

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

☆ Who is Amy Entelis? CNN exec who lead award-winning documentary unit will take over from Chris Licht
▼ + stars: | 2023-06-07 | by ( Trisha Gopal | ) www.businessinsider.com time to read: +3 min

Entelis notably led the network's original series and feature-length documentary unit. Entelis, who joined joined CNN in 2012, revitalized the network's original series and feature-length documentary unit, launching high-profile shows like "Parts Unknown" with Anthony Bourdain and "Stanley Tucci: Searching for Italy." Entelis notably lead the charge at CNN Films, the network's longform documentary unit. According to the company's website, Entelis has been responsible for overseeing 45 documentary series and 60 feature length films, earning CNN 100 awards and 445 nominations. Before joining CNN, Entelis spent three decades at ABC, where she managed talent for shows like "20/20," "Good Morning America," "Nightline," and "World News Tonight."

Persons: Chris Licht, Amy Entelis, Entelis, Jeff Zucker, Anthony Bourdain, Stanley Tucci, Alexei Navalny, Licht, David Zaslav, David Leavy, Zaslav's, Virginia Moseley, Eric Sherling, Chris, Zaslav Organizations: CNN, Morning, CNN Worldwide, CNN Films, BAFTA, ABC, Warner Bros, Discovery Locations: Italy

☆ CNN's story on the ouster of its CEO is a giant middle finger
▼ + stars: | 2023-06-07 | by ( Hayley Peterson | ) www.businessinsider.com time to read: +2 min

CNN reporter Oliver Darcy described Licht's tenure as "stained by a series of severe missteps." Darcy wrote that Licht alienated employees at all levels of CNN and effectively "lost the room." He said the chairman and CEO alienated employees at all levels of the organization and effectively "lost the room." But he "quickly squandered much of that goodwill through a series of blunders, many of his own making," Darcy wrote. "In the final days, Licht seemed to understand that he had alienated staffers," Darcy wrote.

Persons: Christ Licht, Oliver Darcy, Darcy, Licht, Chris Licht, Licht's, Jeff Zucker, Stephen Colbert, Brian Stelter, Donald Trump, Kris Coratti Kelly, Matt Dornic Organizations: 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

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

☆ 'That's on me': Warner Bros Discovery CEO sends email to CNN employees taking responsibility for Chris Licht disaster
▼ + stars: | 2023-06-07 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

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

☆ High-profile CNN anchors Anderson Cooper, Jake Tapper, and Erin Burnett voiced their concerns about CNN boss Chris Licht: Wall Street Journal
▼ + stars: | 2023-06-07 | by ( Sarah Gray | ) www.businessinsider.com time to read: +2 min

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

☆ The PR pros at CNN just got fired along with CEO Chris Licht, even though that disastrous Atlantic profile was his passion project
▼ + stars: | 2023-06-07 | by ( Nicholas Carlson | ) www.businessinsider.com time to read: +2 min

CNN chair and CEO Chris Licht was ousted from the network on Wednesday. Insiders say Licht was responsible for pushing The Atlantic profile forward. I guess the lesson is: when your boss is about to do something really stupid, throw your body in the way. I say that because, last Friday, The Atlantic published a brutal 15,000+ word profile on CNN chair and CEO Chris Licht and today – well, today he got fired. But it was Licht who pushed the project forward over the summer of 2022, including over a long dinner with the writer.

Persons: Chris Licht, Licht, Kris Coratti Kelly, Matt Dornic, Dornic, Tim Alberta, Kelly didn't, I'm Organizations: CNN, Morning

☆ Media insiders react as CNN's embattled CEO steps down: 'The only person who hates bad press more than Chris Licht is ... David Zaslav.'
▼ + stars: | 2023-06-07 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +3 min

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

☆ Chris Licht's tumultuous 13-month run as CEO of CNN: Layoffs, anchor drama, and that really bad Atlantic profile
▼ + stars: | 2023-06-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

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

☆ Amazon leads declines in discretionary sector, streaming companies outperform
▼ + stars: | 2023-06-07 | by ( Sinéad Carew | ) www.reuters.com time to read: +2 min

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

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