CNN Chief Walton Quits
Move comes amid sinking ratings
By Newser Editors and Wire Services
Posted Jul 27, 2012 1:12 PM CDT
This 2007 file photo shows Jim Walton, president of CNN Worldwide.   (Stuart Ramson)

(Newser) – CNN chief Jim Walton is resigning, saying the company needs new leadership at a time its flagship US 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 US network is the most visible part of the business and is entrenched in third place behind rivals Fox News and MSNBC in prime time.

"I think this company needs some new thinking," Walton told employees in an email. "I've been doing this job I'm in now for 10 years and I'm ready for a change." Walton plans to work through the end of the year. "I feel really strongly about a number of parts of this company," Walton wrote. "We're having a really strong year internationally and in mobile. It's clear there's a lot of spotlight on CNN's US performance, and it's reasonable that there is that spotlight." (Click to read some reasons why.)

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Showing 3 of 19 comments
lahoud
Jul 27, 2012 9:36 PM CDT
I am an American -- That is why I watch Fox News, the only major news station owned by a foreigner. I am an American -- That is why I support Romney because he hid out in France during the draft. I am an American -- That is why I will vote for Romney who bankrupted 7 companies and sent jobs overseas. I am an American -- That is why we must lower the taxes of the Walton family who accumulated more wealth than 50% of all other Americans by importing products from China and forcing local businesses to close. I am an American -- That is why I support the GOP who wanted the domestic automakers to fail while giving huge tax breaks to foreign car companies. I am an American -- That is why I support the GOP who's goal it is to see as many people as possible not have the right to vote. Yes folks, I am a republican American because anti-reason, anti-intellectual anti-science propaganda driven rhetoric is all I know.
lahoud
Jul 27, 2012 9:26 PM CDT
I'll watch CNN, it's an American-owned network. Fox? An Aussie and a Saudi Prince. Gullible simpletons.
right2dave
Jul 27, 2012 2:40 PM CDT
You know you hit bottom when MSNBC beats you. It's that power host Al Sharpton that killing them. "I loves to do dem interviews".