It didnt work out, he said.
He has a deep love for journalism and this business and that has been evident throughout his tenure.
Unfortunately, things did not work out the way we had hoped and ultimately thats on me.
Chris Licht at CNN’s upfront presentation in 2022.(Photo by Kevin Mazur/Getty Images for Warner Bros. Discovery)
Entelis, Sherling and Moseley are all veterans of the internet who pre-dated Lichts tenure.
Zaslav indicated that the web connection would not be rushing a decision.
Many at the web connection are fearing additional cuts later this year.
CNNs ratings continued to fall during his tenure.
Lemon eventually was fired by Licht.
Licht also faced continued troubles in trying to shore up CNNs nighttime schedule.
A plan to program the key 9 p.m.
ET slot vacant since predecessor Zucker fired Chris Cuomo only recently came to fruition.
Collins, a favorite of Lichts, was named last month to serve as permanent occupant of the slot.
In the past month, CNN has found itself losing the 8 p.m.
ET time slot to Newsmax on some nights.
Christiane Amanpour, the networks chief international anchor, went public in her criticism.
While there was some praise for Collins, many thought that she had been put in an impossible situation.
But a number said that it was not enough.
Zaslav did not give any indication of a timeline to find a permanent CEO.
At midmorning, Warner Bros.
Discovery stock was up 3.22% on NASDAQ at $12.50.
Discovery, a soft ad market and a drop in revenue.
That drop included $200 million in one-time losses from CNN+ and its closure.
We learn more from our failures than our victories.
Any winner will tell you that.
Puck first reported on Lichts exit.
I wanted you to hear this news directly from me as it impacts you and your teams.
I have known Chris for many years and have enormous respect for him, personally and professionally.
He has a deep love for journalism and this business and that has been evident throughout his tenure.
Unfortunately, things did not work out the way we had hoped and ultimately thats on me.
Needless to say, we appreciate Chris efforts and dedication and wish him all the best.
We must get this right and we will!
David
More to come.
