Chris Licht replaced Jeff Zucker as CNN’s chief executive last year with a mandate to move the network more toward the political center.
Licht oversaw layoffs last year following Zaslav’s decision to shutter the CNN+ streaming service only weeks after it had started. There were other cutbacks: shows hosted by Lisa Ling and Stanley Tucci were axed, along with the “Reliable Sources” media program and its host, Brian Stelter.
Then-CNN anchor Don Lemon speaks during a Democratic presidential debate in Detroit on July 31, 2019. that came out on Friday, titled “Inside the Meltdown at CNN,” proved embarrassing and likely sealed his fate. Author Tim Alberta discussed how Licht’s effort to reach viewers turned off by CNN’s hostility to Trump had failed and damaged his standing with CNN journalists.
Ultimately, Alberta could not get Zaslav to agree to an on-the-record assessment of Licht’s tenure, an ominous sign. CNN’s profits have also been sinking. The network generated $892 million in profit in 2022, down from $1.08 billion in 2020, according to S&P Global Market Intelligence.
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