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Mark Thompson to CNN: Former BBC and New York Instances chief takes over at US information broadcaster | Enterprise Information

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Mark Thompson, the previous boss of the BBC and New York Instances, has been appointed the brand new chief govt of CNN.

Mr Thompson, 66, succeeds Chris Licht, who stepped down in June after a turbulent yr on the helm of the US information channel.

David Zaslav, CEO of CNN’s father or mother firm, Warner Bros Discovery, stated in an announcement on Wednesday: “Mark is a real innovator who has reworked for the digital age two of the world’s most revered information organisations.”

Warner will activity Mr Thompson, the brand new chair and CEO of CNN Worldwide, with reviving a community battling falling scores and earnings.

In his eight-year spell because the CEO of the New York Instances, Mr Thompson oversaw a close to five-fold progress in its share worth by specializing in digital subscriptions.

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When he was appointed to steer The Instances in 2012, the newspaper had fewer than a million digital-only subscribers.

By the point he left in 2020, it had greater than 5 million digital subscriptions, CNN stated on its web site.

He additionally led the BBC as director-general between 2004 and 2012.

An enormous focus space for Mr Thompson in his new job is prone to be the just lately introduced round the clock information service known as CNN Max, which might be obtainable on Warner Bros Discovery’s streaming platform.

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CNN Max is seeking to profit from the immediacy of breaking information and evaluation, separating it from CNN+, which featured life-style programmes.

The information community’s scores have been sagging and its earnings fell underneath $1bn (£787,000) in 2022. That determine is anticipated to be modestly increased this yr than final, at $938.6m (£740m), in accordance with knowledge from S&P World Market Intelligence.

Throughout June, CNN’s viewers lagged behind Fox Information and MSNBC in prime time and throughout the overall day, in accordance with knowledge from Nielsen.

Mr Licht’s brief interval in cost included a divisive city corridor discussion board with former US President Donald Trump and the
shutdown of the CNN+ streaming service simply weeks after its launch.

Mr Licht was previously a TV producer who had labored on The Late Present With Stephen Colbert.

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