CNN chief Licht promises staffers 'more changes,' like it or not
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More changes are set to come to CNN (NASDAQ:WBD), boss Chris Licht told staffers who were still absorbing internal news from the past few months.
Most recently, that includes Thursday's cancellation of Reliable Sources, a 30-year-old media criticism show on the network, and the departure of host Brian Stelter.
âI want to acknowledge that this is a time of significant change, and I know that many of you are unsettled,â Licht said on Friday's editorial call, according to media reports.
âThere will be more changes and you might not understand it or like it," Licht added. But he cautioned media reporters speculating about the next change: âGive it a minute; see how things develop; and then have feedback."
Warner Bros. Discovery (WBD) is one of just a few gainers among Communications stocks Friday, up 3.2%.
Licht came into leadership of CNN through the combination of then-parent WarnerMedia with Discovery, and the combined Warner Bros. Discovery (WBD) moving forward under the leadership of David Zaslav. And he had signaled changes even before his official start date of May 1 - including the high-profile decision to shut down streaming service CNN+ in late April.
Many changes have been a while in the works, though: Licht needed to find a new 9 p.m. host to replace the fired Chris Cuomo, and promised in the spring to "reimagine" CNN's morning show to be a "disruptor."