CNN on Wednesday named media executive Mark Thompson as chief executive and chairman of the news unit of Warner Brothers Discovery Inc. WBD, +0.15%. Thompson is credited with reviving the fortunes of New York Times Co. NYT, -0.02% as chief executive of the media company from 2012 to 2020. He was also director general of the BBC from 2004 until 2012. “There isn’t a more experienced, respected, or capable executive in the news business today than Mark,” said David Zaslav, chief executive of Warner Brothers Discovery, in a statement. The move comes after Chris Licht departed as chief executive of CNN in June after about a year in the job. Thompson begins at CNN on October 9. Warner Brothers Discovery stock rose 0.2% in premarket trades.
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