Former CEO of The New York Times and the BBC Takes Charge: Mark Thompson Brings Hope and Innovation to CNN
Former CEO of The New York Times and the BBC, Mark Thompson, has been appointed as the new chairman and editor-in-chief of CNN, hoping to restore the network's declining ratings and falling profits. With his extensive experience, Thompson aims to lead CNN into a digital-focused future while maintaining its reputation as a trusted news source.
Mark Thompson, former CEO of The New York Times and the BBC, has been appointed as the new chairman and editor-in-chief of CNN. Thompson, who oversaw growth and digital transformation at both news organizations, will take over the leadership of CNN on October 9th. The network has faced numerous challenges in recent years, including declining ratings, falling profits, and the departure of top talent.
CNN is getting another new boss. Mark Thompson has been hired chairman and CEO. He has worked with the BBC and NY Times. He is charged with saving the network after it move to the right.
— Lovable Liberal and his Old English sheepdog (@DougWahl1) August 30, 2023
Do you watch CNN? pic.twitter.com/n4VToqFaKy
Thompson's extensive experience in running large news organizations and his success in expanding digital subscriptions make him a strong choice to lead CNN during this pivotal period. Thompson has acknowledged the disruption facing the news industry but sees it as an opportunity for CNN to leverage its brand and strong journalism. He will also oversee CNN's transition to a more digital-focused future as the cable business declines.
Thompson's appointment comes as CNN plans to introduce a dedicated channel on its parent company's streaming service and explores options for online revenue generation, including potential charges for online access. Despite the network's challenges, CNN has been recognized for its quality journalism, receiving more news and documentary Emmy nominations than any other cable news network this year. Thompson's leadership will be crucial in steadying the network, ensuring its financial stability, and reaffirming its position as a trusted news source in a time of rapid change for the industry.