CNN’s Zucker Sets Year-End Exit Amid Post-Trump War With Fox
(Bloomberg) -- CNN President Jeff Zucker plans to step down when his contract expires at the end of the year, ending his tenure atop the cable news channel as it tries to hold onto ratings gains from a busy news cycle.
Zucker told staff about his plans in a morning meeting Thursday, according to CNN.
The longtime broadcast executive has been president of CNN since 2013. He is also chairman of news and sports for WarnerMedia, which is owned by AT&T Inc.
Zucker, 55, led the network through President Donald Trump's four tumultuous years, achieving recent viewership increases during a bitterly contested election and a mob attack on the U.S. Capitol on Jan. 6. That day was the most-watched in CNN's history, and the network ended January as the most-watched cable news network, notching a rare victory over Fox Corp.'s Fox News.
Despite that win for January overall, CNN's viewership started to decline at the end of the month, and an expected slowdown in the news cycle during the Biden years will force Zucker to adjust the network's strategy once again to keep viewers engaged.
After taking over the top job, Zucker reportedly wanted to make the network more personality-driven, and CNN anchors like Don Lemon, Anderson Cooper and Chris Cuomo have since become household names. Under Zucker, CNN has tried to portray itself as a source for straight news and distinguish itself between Comcast Corp.'s left-leaning MSNBC and the right-leaning Fox News, adopting the slogan “facts first” in a marketing campaign.
But while covering the story, the network has also at times become part of the story, namely when Trump frequently denounced CNN as “fake news.” During a single week last year, one of CNN's reporters was arrested while on camera, demonstrators descended on the network's Atlanta offices, and its anchors clashed with the president.
Zucker himself became the subject of scorn from Trump, who had suggested before that his job at CNN was in jeopardy.
Zucker didn't reveal what he plans to do after this year. Last year, the executive suggested to the New York Times that he might run for mayor of New York. (The comments were in jest, a person close to Zucker later said, and he didn't actually plan to run.)
©2021 Bloomberg L.P.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.