The move marks a swift downfall for Licht, whose departure is immediate as the company looks for a replacement.
CNN CEO Chris Licht Steps Down After Brief and Tumultuous Tenure
NEW YORK, NEW YORK - MAY 17: Chris Licht, Chairman and CEO, CNN Worldwide, speaks onstage during the Warner Bros. Discovery Upfront 2023 at The Theater at Madison Square Garden on May 17, 2023 in New York City.CNN Chief Executive Officer Chris Licht has stepped down from the cable news channel after a brief and tumultuous tenure at the company.
The move marks a swift downfall for Licht, a longtime television executive who in 2022 replaced CNN’s well-liked leader, Jeff Zucker, who hadLicht’s departure is immediate and the company will look for a replacement, CNN’s parent company Warner Bros. Discovery Inc. said in a statement. “I have great respect for Chris, personally and professionally,” said David Zaslav, president and CEO of Warner Bros. Discovery, in the statement. “The job of leading CNN was never going to be easy, especially at a time of huge disruption and transformation, and he has poured his heart and soul into it.”, arrived at CNN with the goal of creating a less divisive network. CNN had taken a combative stance during Donald Trump’s presidency, and Licht wanted the network to be less opinionated.
But Licht struggled in his first year. One of his first moves was shutting down the CNN+ streaming service just a few weeks after its launch. With Warner Bros. cutting costs, Licht oversaw layoffs of hundreds of CNN employees that left remaining staff demoralized.
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