CNN is bringing in former New York Times and BBC leader Mark Thompson in an attempt to turn around its fortunes.
Thompson, who left the Times in 2020 after eight years as that company's president and CEO, is credited with transforming it to a digital-first organization more dependent on paid subscribers than the collapsing advertising market that has doomed many newspapers. The England native was director-general of the BBC from 2004 to 2012.
“His strategic vision, track record in transformational leadership and sheer passion for news makes him a formidable force for CNN and journalism at this pivotal time,” he said. Licht was let go after a stormy 13 months that saw CNN fall well behind Fox News and MSNBC in popularity, with opinionated news connecting more with viewers in a politically polarized time. He had encouraged CNN toHe was doomed at the end by a damning Atlantic magazine profile that showed his failure to connect with many employees, many loyal to his predecessor, Jeff Zucker.
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