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AP Photo/Ron Harris New CNN chairman and CEO Chris Licht is not to be envied. He has taken over a cable news network that is bleeding profits and viewers with little prospect of improvement anytime soon.
Licht discovered, to his horror, that the network was massively dependent on Donald Trump for ratings. Without Trump to headline CNN’s news coverage, no one was very much interested in the biased commentary and left-wing slant to the news that became CNN’s hallmark.
CNN’s profits are expected to fall below $1 billion for the first time in many years. And its prime-time coverage is drawing less than 700,000 viewers a night. Clearly, Licht had to do something.
Friday morning, Licht convened a virtual editorial meeting to discuss some of the changes he wants to make at the network.
“I want to acknowledge that this is a time of significant change, and I know that many of you are unsettled,” Licht said, according to the Hollywood Reporter , who quoted multiple people on the call. “There will be more changes, and you might not understand it or like it.” CNN’s decision to cancel Brian Stelter ’s show brought renewed anxiety to the halls of 30 Hudson Yards, according to multiple CNN staffers. While Licht has made it clear since he began that there would be changes coming to CNN’s lineup, and not just to its streaming strategy, those plans “hadn’t really sunk in yet,” said one of the staffers. Everyone knew that Licht needed to find a new 9 p.m. anchor to replace Chris Cuomo , who was fired last December. And Licht promised at Warner Bros. Discovery’s upfront in May that he wanted to “reimagine” CNN’s morning show, promising to be a “disruptor” to the time period. Whether that reimagining includes New Day anchors John Berman and […]
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