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‘THIS COMPANY NEEDS SOME NEW THINKING’: CNN PRESIDENT QUITS

This miserable, leftist network continues to circle the drain....NEW YORK (The Blaze/AP) — CNN chief Jim Walton said Friday he is quitting, saying the company needs new leadership at a time its flagship U.S. network is suffering through some of its poorest ratings ever.

Walton built the company into a profitable international news organization in his 10 years as president of CNN Worldwide, and said it is on track for record profits this year. But the U.S. network is the most visible part of the business and is now entrenched in third place behind rivals Fox News Channel and MSNBC in prime time.

He announced the decision in an email to staff members on Friday. He said he‘ll continue working until the end of the year during the company’s search for a successor.

Walton said he’s been talking to his boss, Turner Broadcasting Chairman Phil Kent, about leaving since the first few months of the year. CNN is owned by Time Warner.

“There’s always pressure,” he said. “I’ve been doing this a long time and CNN has had its ups and downs, like all companies have had ups and downs. I feel really strongly about a number of parts of this company. We’re having a really strong year internationally and in mobile. It‘s clear there’s a lot of spotlight on CNN’s U.S. performance and it’s reasonable that there is that spotlight.”

CNN’s U.S. network had its worst-ever ratings for a second quarter, down 40 percent for some of its prime-time shows. The decline was particularly notable in May, when CNN faced tough competition from broadcast networks during a slow news period and its ratings were compared to a year earlier, in the aftermath of the Osama bin Laden killing.





It hasn’t improved appreciably since then, with veteran newsman Wolf Blitzer often losing in the ratings to broadcast novice Al Sharpton on MSNBC. Piers Morgan’s show has been a bright spot this month.

The network was also embarrassed by initially reporting incorrectly the U.S. Supreme Court‘s decision on President Obama’s health care law, then taking longer to correct itself than Fox, which made a similar error.

CNN’s ratings traditionally fluctuate based on the intensity of the news. Fox and MSNBC have insulated themselves from that problem somewhat through its partisan prime-time hosts. Walton has allegedly resisted this approach, believing CNN’s strength lies in being “a nonpartisan news source” and the company’s reputation would be damaged worldwide if the U.S. network changed.

“We kind of know who we are and our corporate colleagues know who we are and there has always been great support internally that we’re going to be a news organization,” he said.

At CNN, “we want to be accurate above all else, we want to be timely — first if possible — we want to actually go to where the news is, not just subscribe to some agency’s news feed and talk about it. We want to report the news from multiple sides, all sides, and without bias.”

Walton, 54, began working at CNN in 1981 shortly after it started. His first job involved ripping paper scripts off wire machines and operating the TelePrompter for news anchors.

Jeff Bewkes, Time Warner chairman and CEO, said Walton took over an underperforming company in 2003 and tripled earnings, delivering an annual growth of 15 percent. Roughly half of the company’s earnings come through subscription fees from cable and satellite companies, and they have been growing steadily worldwide.

“Jim has been instrumental in growing the business into the financial powerhouse it has become, while establishing the brand as the worldwide leader for television news,” Bewkes said. “I respect him personally and professionally and support the decision he and Phil Kent have reached.”

Kent said Walton has a track record of great judgment when it matters most. He “challenged the organization to think bigger, reach further, do better,” he said.

“I think this company needs some new thinking,” Walton said. “I‘ve been doing this job I’m in now for 10 years and I’m ready for a change.”

http://www.theblaze.com/stories/this-company-needs-some-new-thinking-cnn-president-quits/


Added: Jul-27-2012 Occurred On: Jul-27-2012
By: yorba
In:
Politics
Tags: cnn, poor ratings, fox news, president resigns
Views: 1535 | Comments: 40 | Votes: 3 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • You know as a whole, the liberal MSM is crumbling when Al Sharpton has higher ratings than Wolf Blitzer.

    Turn it off and leave it off.

    Posted Jul-27-2012 By 

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    • @Arizona_Patriot Newsweek announces that they're going digital only and CNN continues to plummet. Kind of easy to see why Libs hate Fox with such vigor now.

      Posted Jul-27-2012 By 

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  • LOL @ the Communist News Network

    Posted Jul-27-2012 By 

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    • @JihadKiller1s1k I just noticed your avi. And fell out of my chair...And it's not the Communist News Network, but the Clinton News Network.

      Posted Jul-27-2012 By 

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    • Comment of user 'IIVXTII' has been deleted by author (after account deletion)!
  • You want ratings assholes?... The stop trying in such a brazingly obvious manner to tell people what to think. Just do the friggin' news in a manner that doesn't shit all over people and imply that they and their values suck. Jesus Christ, it ain't that difficult to figure out.

    Posted Jul-27-2012 By 

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    • @TheMule Come on man.. Give them some credit... I think that Al Sharpton show had like 100 viewers it's first week and then went to 170 viewers the following week. Now I think it's up to 300. Give credit for progress where it's due.. That's a steady improvement right there

      Posted Jul-27-2012 By 

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  • Comment of user 'MAKMAK' has been deleted by author (after account deletion)!
  • CNN gets what it sows! You keep dissing the American public, and they will leave you in the cold. Only crap comes from that White House Propaganda News Station.

    Posted Jul-27-2012 By 

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  • Comment of user 'Zardoz003' has been deleted by author (after account deletion)!
    • @Zardoz003

      Absolutely, there's always that moment on any one of those stations where the "news" person is obviously trying to manipulate the opinions of the viewers. It's really annoying, especially when it's some simpleton like Mika Brezinski or Bill O'Reilly. Who the hell are they to judge anything?

      Posted Jul-27-2012 By 

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  • >Guy quits his job
    >EVERYONE WHO DOESN'T SHARE MY POLITICAL OPINION IS WORTHLESS GARBAGE AND SHOULD DIE ITS THE AMERICAN WAY!!!

    Welcome to liveleak.

    Also, how cute is it that everyone who watches cable news networks thinks that theirs is the only one not biased?

    MSNBC and CNN viewers: Fucking Faux biased conservative bullshit!
    Fox viewers: Fucking CNN commie liberal scum!
    Grown-ups: lol, retards, the both of you. All your cable news networks are biased plebeian bullshit.

    Posted Jul-27-2012 By 

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    • @Zerocyde MS also disbanded from NBC you better update your scorecard pal...

      It's NBC now..

      Lol.. Difference is that nobody watches NBC, msbnbsc or CNN and NPR is a joke..

      So... Ya know.. Those stubborn facts always get in the way huh dude? Go take a vacation.. Best not worry about it

      Oh and while you're at it, you should change your country setting in your profile... It's supposed to indicate where you ARE from... Not where you WANT to be... Wrong flag on your profile. Quit lying to yrself

      Posted Jul-27-2012 By 

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    • @XyBerFuNK Unlike you, I'm intelligent enough to know bullshit when I see it. As such, I pay NO ATTENTION WHAT-SO-EVER to cable news networks.

      I'm proud to death of the fact that I wasn't aware of the split.

      I do, however, think it's fucking hilarious that you attacked my lack of knowledge about some corporate split as your counter to my argument that your fox news was no better. You argue as well as you choose news sources, like a child.

      Posted Jul-27-2012 By 

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    • @Zerocyde Someone's pissy. Hey, if you are a DirecTV guy Fox News is channel 360. Tune in, take your meds, and get educated.

      Posted Jul-27-2012 By 

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    • @Zerocyde What you say is true. That doesnt sit well with the Israel Firsters on the site.

      The Zionist own CNN and FOX., as well as the other stations. Basically you get Jewish media telling both sides what the top Zionists want you to hear and that message they delivered for the last decades is hate America, hate Muslims, give everything you can to "save" Israel... and dont forget to hate America.

      When American media was owned by Americans, left or right, at least we knew these peop More..

      Posted Jul-27-2012 By 

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    • @Zerocyde Oh yes. You liberals are oh so smart...

      Please forgive me

      I don't know what i was thinking

      Haha lol you're a mess

      Posted Jul-27-2012 By 

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  • Comment of user 'T0M65' has been deleted by author (after account deletion)!
  • Who watches tv news when you have internet?

    Posted Jul-27-2012 By 

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  • Communist News Network isn't Communist enough. Must find a new communist to run this network.

    Posted Jul-27-2012 By 

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  • If you're losing to Al Sharpton in ratings, it's time to take the network out behind the shed and end its existence mercifully.

    Posted Jul-27-2012 By 

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  • Hehe the title "... Needs some new thinking.."

    Haha more like it needs a fucking LOBOTOMY I mean come on.. Tell it like it is already

    LOL

    Posted Jul-27-2012 By 

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  • Comment of user 'cswartz' has been deleted by author (after account deletion)!
  • CLICK!!!!

    Posted Jul-28-2012 By 

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  • I haven't watched any CNN or any of the others in years (except for the breaking Japanese tsunami footage, that is). It's all so lame, I'd rather watch Adult Swim on the Cartoon Network, shit like Metalocalypse...
    more intelligent than the cable news outlets

    Posted Jul-28-2012 By 

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  • You might as well just look at the stars in the night sky for news instead of cable.

    Posted Jul-27-2012 By 

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  • Good Riddance

    Posted Jul-27-2012 By 

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  • If I were losing ratings to Al Sharpton, I'd suck on a gun barrel.

    Posted Jul-27-2012 By 

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  • When CNN was American owned and operated, it was a pretty good place to get news.

    Posted Jul-27-2012 By 

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