Jim walton cnn biography of barack
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CNN Worldwide’s Jim Walton to step aside for ‘new thinking’
Unable to reverse a dramatic ratings decline, CNN Worldwide President Jim Walton announced Friday that he is resigning at the end of the year.
“CNN needs new thinking,” Walton said in an email to the CNN staff. “That starts with a new leader who brings a different perspective, different experiences and a new plan, one who will build on our great foundation and will commit to seeing it through.”
No successor was named for Walton, who has been with Time Warner’s CNN for over 30 years and has run it for close to a decade.
Pressure has been growing on Walton to improve CNN’s sagging performance for the past several years. Though CNN Worldwide is very profitable — Time Warner Chief Executive Jeff Bewkes told shareholders in May that it should make more than $600 million in 2012 — CNN has lost ground in the United States to News Corp.’s Fox News and Comcast’s MSNBC.
“CNN doesn’t have an identity anymore,” said Christopher Ha
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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 Channeland MSNBC in prime time.
He announced the decision in an email to staff members on Friday.
See full article at EW - Inside TV
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CNN Worldwide President Jim Walton to Step Down
After months of foundering ratings at CNN, Jim Walton, the longtime and well-liked president of CNN Worldwide, announced Friday that he will step down at the end of the year when his contract expires.
Walton made the announcement in an e-mail to CNN staffers.
“CNN needs new thinking,” Walton wrote. “That starts with a new leader who brings a different perspective, different experiences and a new plan, one who will build on our great foundation and will commit to seeing it through. And I’m ready for a change. I have interests to explore, and I want to give myself time to do it.”
CNN hit a 21-year low in total viewers and in news’ mål demographic of viewers 25-to-54 during the second-quarter ratings period that ended in June.
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The primetime lineup of Anderson Cooper 360 and Piers Morgan, specifically, saw big drops during the