CEO Chris Licht out at CNN

Created
Thu, 08/06/2023 - 00:30
Updated
Thu, 08/06/2023 - 00:30
Capitalism takes no prisoners This is just breaking. CNBC reports that after little more than a year, CNN CEO Chris Licht is leaving. Warner Bros. Discovery CEO David Zaslav said executives Amy Entelis, Virginia Moseley, Eric Sherling and David Leavy will lead CNN until a replacement is found. “Unfortunately, things did not work out the way we had hoped – and ultimately that’s on me. I take responsibility,” Zaslav said in a memo: Licht drew heated criticism in recent weeks after the network hosted a town hall with Donald Trump that was packed with scores of the former president’s cheering fans. While the event drew 3.3 million viewers, CNN’s ratings plummeted afterward. Two days after the town hall, CNN’s prime-time viewership came in below right-wing outlet Newsmax, a much smaller network. But it was an unflattering 15,000-word profile of Licht in The Atlantic – titled “Inside the Meltdown at CNN” – that might have sealed his fate. He apologized to staffers Monday morning, but top brass at CNN’s parent company, Warner Bros. Discovery, including CEO David Zaslav, weren’t happy with the article and the aftermath. “The media has absolutely, I believe, learned its lesson,” regarding coverage of Donald Trump, Licht told The Atlantic‘s Tim Alberta. Licht was wrong about the media and about CNN. “American journalism is dumber than most journalists, who often share my sense of absurdity about these practices. A major reason we have a practice less intelligent than its practitioners is the prestige that the View from Nowhere still claims…” Dan Froomkin advised Licht’s coming…