CNN CEO Mark Thompson announced Monday he will remain chairman and editor in chief under new owner Skydance. In a memo to employees, Thompson said he reached the decision after discussions with Skydance executives, including CEO David Ellison, finalizing their $111 billion acquisition of Warner Bros. Discovery.
Thompson, the former New York Times chief, emphasized his confidence in the new leadership's commitment to independent news. He will report to both Ellison and co-CEO Ynon Kreiz, retaining his current responsibilities. Thompson has focused on CNN's digital subscription business, which the new leaders say they support.
His decision alleviates network anxieties regarding the transition. Skydance confirmed Thompson and CBS News head Bari Weiss will serve on a CEO news executive leadership team. Major integration challenges remain, including unionized CBS News operations and potential layoffs combining extensive news teams.
Thompson noted substantive negotiations began only after Paramount settled an antitrust lawsuit. An editorial independence board was created to safeguard CNN and CBS News integrity. Thompson expressed optimism, stating he believes they will be working alongside a team with real vision, energy, and values.
Source: New York Times Top Stories · Summarized by HeadlinesBriefing