CNN Worldwide president Jim Walton announced today that he will step down as chief at the end of the year citing that “CNN needs new thinking.” An statement from Walton came in an email to staff early this morning but he had been discussing this transition with Turner Broadcasting chairman, Phil Kent for quite some time.
Kent released a statement saying :
“Jim is the leader we all aspire to be: Smart and steady, tough and fair, business-savvy and respected by his team, and with a track record of great judgment when it matters most. His vision has modernized and globalized our legacy news brand, enhanced CNN’s journalistic standing, positioned it at the forefront of multi-platform branded news content and challenged the organization to think bigger, reach further and do better. I am honored to work alongside him and proud to call him my friend.”
In a piece by the Huffington Post, by David Bauder, Walton was credited with building “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.”
Kent began his career at CNN in 1981 working as a TelePrompter operator and “ripping paper scripts off wire machines” working his way up over 22 years when he came president of CNN worldwide in 2003.
Read his full statement as released by TV Newser below:
After more than 30 years at this company and nearly 10 years as the leader of this great news organization, I have decided to leave my role at CNN on December 31, 2012.
For some time, I’ve been talking with Phil Kent about wanting to make a change, and he supports my decision. I’ve told Phil that I will cooperate with any transition timeline that he and Time Warner want to implement. Phil requested that I work out the year and be available after that if needed, which I’ve agreed to do.
I am proud of what we have accomplished together over these last 10 years – innovative programming, the development of great talent in front of and behind the cameras, expansion in digital and mobile, significant investment and expansion in international coverage, financial success and, most importantly, great and trusted journalism. Thank you for the role you have played in our successes.
CNN needs new thinking. 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.
The next few months will be filled with election news and other important events that will require all of our focus to report the news with the quality and expertise the world expects of CNN. I look forward to working alongside each of you, as I have over the past 30-plus years, to do just that.