The Broken Licht Theory

CNN head Chris Licht is out after his multple failures of the Donald Trump and Nikki Haley "town halls" and the devastating takedown of Licht in The Atlantic over the weekend.

 

Chris Licht, the former television producer who oversaw a brief and chaotic run as the chairman of CNN, is out at the network.

Mr. Licht’s 13-month run at CNN was marked by one controversy after another, culminating in his exit earlier this week. He got off to a bumpy start even before he had officially started when he oversaw the shuttering of the costly CNN+ streaming service at the request of its network’s new owners, who were skeptical about a stand-alone digital product. The cuts resulted in scores of layoffs.

David Zaslav, the chief executive of CNN’s parent, Warner Bros. Discovery, informed staff on Wednesday morning that he had met with Mr. Licht and that he was leaving, effective immediately.

“For a number of reasons things didn’t work out, and that’s unfortunate,” Mr. Zaslav said, according to a recording of his remarks. “It’s really unfortunate, and ultimately that’s on me. And I take full responsibility for that.”

“This job was never going to be easy, especially at a time of great disruption and transformation,” he continued. “Chris poured his heart and soul into this job. Like all of you, he was in the line of fire and he’s taken a lot of hits. We appreciate his efforts, his passion, his love for journalism, and his love for this business.”

Mr. Zaslav said that an interim group of leaders — the CNN veterans Amy Entelis, Virginia Moseley and Eric Sherling, as well as the newly appointed chief operating officer, David Leavy — would take over before a permanent leader was installed. He said the process could take several months.

Mr. Licht’s departure represents a dramatic fall not long after he departed as an executive producer of Stephen Colbert’s top-rated late night show and vowed to bring a middle-of-the-road balance to CNN’s journalism. When Mr. Licht took the job, he told friends it was a “calling.”

The job would prove much more difficult. Ratings plummeted during Mr. Licht’s management and a series of programming miscues — including an ill-fated morning show co-anchored by Don Lemon, as well as organizing a town hall featuring former President Donald J. Trump that was subject to withering criticism — did little to shore up support with his colleagues.

Things deteriorated last week when The Atlantic published a 15,000-word profile extensively documenting Mr. Licht’s stormy tenure, including criticism of the network’s pandemic coverage that rankled the network’s rank-and-file.

Further worsening matters was CNN’s financial performance. The network generated $750 million in profit last year, including one-time losses from the CNN+ streaming service, down from $1.25 billion the year before.

 

Now, Zazlav has been running around WB Discovery with a chainsaw anyway, axing reams of content from HBO, Cinemax, Cartoon Network and more, and now his blade has fallen on Licht's neck at CNN. I had honestly forgotten about Licht first move last year, the ill-fated CNN+ streaming disaster that lost the network millions.

 

Turns out the network has now lost over a billion dollars, and that was the end of Licht.

 

The White Guy Upward Failure Rule means Licht will probably end up Vice President in 2024, just saying.