Los Angeles Times Author: Associated Press Article Mentions
Author, Associated PressMentioned, Jeff Bewkes Mentioned, Cheyenne Jackson Mentioned, Al Sharpton Mentioned, Wolf Blitzer Mentioned, Jim Walton Mentioned, Phil Kent Mentioned, Piers Morgan Mentioned, CNN Mentioned, Fox News Mentioned, Time Warner Mentioned, UPS
CNNchief 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 Ph...(read more)
... CNNchief 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 organizati ...
... 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 com ...
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