CNN CEO Chris Licht out after Trump town hall fallout, brutal Atlantic article
Chris Licht is out at CNN after leading the news network for a little more than a year, parent company Warner Bros Discovery announced Wednesday morning.
The company said it is seeking a replacement. In the meantime, executives Amy Entelis, Virginia Moseley, Eric Sherling and David Leavy will lead CNN, the company said.
“We have great confidence in this group and will fully support them until a new CEO is named,” Warner Bros. Discovery CEO David Zaslav said in a memo to staff on Wednesday, adding the company would be conducting a search internally and externally for CNN’s next leader. “We are in good hands, allowing us to take the time we need to run a thoughtful and thorough search for a new leader.”
Licht’s departure came as he faced a rebellion among CNN’s talent and staff. His tenure, which effectively started when he eliminated the network’s expensive CNN+ streaming service, was riddled with programming missteps and rock-bottom ratings.
“I have known Chris for many years and have enormous respect for him, personally and professionally. This job was never going to be easy, especially at a time of great disruption and transformation, and Chris poured his heart and soul into it,” Zaslav said in his memo. “Unfortunately, things did not work out the way we had hoped – and ultimately that’s on me. I take responsibility.”
Chris Licht, Chairman and CEO of CNN Worldwide.
Courtesy: CNN
Licht drew heated criticism in recent weeks after the network hosted a town hall with Donald Trump that was packed with scores of the former president’s cheering fans. While the event drew 3.3 million viewers, CNN’s ratings plummeted afterward. Two days after the town hall, CNN’s prime-time viewership came in below right-wing outlet Newsmax, a much smaller network.
But it was an unflattering 15,000-word profile of Licht in The Atlantic – titled “Inside the Meltdown at CNN” – that might have sealed his fate. He apologized to staffers Monday morning, but top brass at CNN’s parent company, Warner Bros. Discovery, including CEO David Zaslav, weren’t happy with the article and the aftermath.
The move comes soon after Leavy, a key Zaslav ally, was named the network’s new chief operating officer. Leavy was tasked with taking over marketing, public relations, advertising sales, facilities and other logistics.
The move was intended to allow Licht to focus more on programming. Licht helped launch MSNBC’s “Morning Joe” as its executive producer in 2007 and later became executive producer and showrunner of “The Late Show with Stephen Colbert” on CBS.
Read Zaslav’s memo to staff:
All,
This morning we are announcing that Chris Licht will be leaving CNN and we will be conducting a wide search, internally and externally, for a new leader. I wanted you to hear this news directly from me as it impacts you and your teams.
I have known Chris for many years and have enormous respect for him, personally and professionally. This job was never going to be easy, especially at a time of great disruption and transformation, and Chris poured his heart and soul into it. He has a deep love for journalism and this business and that has been evident throughout his tenure. Unfortunately, things did not work out the way we had hoped – and ultimately that’s on me. I take responsibility. Needless to say, we appreciate Chris’ efforts and dedication and wish him all the best.
We have put in place a solid transition plan with the appointment of an acting leadership team made up of experienced programming executives… Amy Entelis, EVP, Talent & Content Development, Virginia Moseley, EVP, Editorial, and Eric Sherling, EVP, U.S. Programming, along with David Leavy, COO, on the commercial side. We have great confidence in this group and will fully support them until a new CEO is named. We are in good hands, allowing us to take the time we need to run a thoughtful and thorough search for a new leader. I recognize that changes like this can be stressful and appreciate your continued patience as we move through this process.
You’ve heard me say it many times: CNN has the greatest journalists in the world… we are deeply committed to supporting them and the critical work that CNN does every day. We must get this right – and we will!
David
Disclosure: NBCUniversal is the parent company of MSNBC and CNBC.
CEO of Palantir Technologies Alex Karp attends the Pennsylvania Energy and Innovation Summit, at Carnegie Mellon University in Pittsburgh, Pennsylvania, U.S., July 15, 2025.
Nathan Howard | Reuters
It’s been a tough November for Palantir.
Shares of the software analytics provider dropped 16% for their worst month since August 2023 as investors dumped AI stocks due to valuation fears. Meanwhile, famed investor Michael Burry doubled down on the artificial intelligence trade and bet against the company.
Palantir started November off on a high note.
The Denver-based company topped Wall Street’s third-quarter earnings and revenue expectations. Palantir also posted its second-straight $1 billion revenue quarter, but high valuation concerns contributed to a post-print selloff.
In a note to clients, Jefferies analysts called Palantir’s valuation “extreme” and argued investors would find better risk-reward in AI names such as Microsoft and Snowflake. Analysts at RBC Capital Markets raised concerns about the company’s “increasingly concentrated growth profile,” while Deutsche Bank called the valuation “very difficult to wrap our heads around.”
Adding fuel to the post-earnings selloff was the revelation that Burry is betting against Palantir and AI chipmaker Nvidia. Burry, who is widely known for predicting the housing crisis that occurred in 2008 and the portrayal of him in the film “The Big Short,” later accused hyperscalers of artificially boosting earnings.
Palantir CEO Alex Karp vocally hit the front lines, appearing twice in one week on CNBC, where he accused Burry of “market manipulation” and called the investor’s actions “egregious.”
“The idea that chips and ontology is what you want to short is bats— crazy,” Karp told CNBC’s “Squawk Box.”
Despite the vicious selloff, Palantir has notched some deal wins this month. That included a multiyear contract with consulting firm PwC to speed up AI adoption in the U.K. and a deal with aircraft engine maintenance company FTAI.
But those announcements did little to shake off valuation worries that have haunted all AI-tied companies in November.
Across the board, investors have viciously ditched the high-priced group, citing fears of stretched valuations and a bubble.
In November, Nvidia pulled back more than 12%, while Microsoft and Amazon dropped about 5% each. Quantum computing names such as Rigetti Computing and D-Wave Quantum have shed more than a third of their value.
Apple and Alphabet were the only Magnificent 7 stocks to end the month with gains.
Sill, questions linger over Palantir’s valuation, and those worries aren’t a new concern.
Even after its steep price drop, the company’s stock trades at 233 times forward earnings. By comparison, Nvidia and Alphabet traded at about 38 times and 30 times, respectively, at Friday’s close.
Karp, who has long defended the company, didn’t miss an opportunity to clap back at his critics, arguing in a letter to shareholders that the company is making it feasible for everyday investors to attain rates of return once “limited to the most successful venture capitalists in Palo Alto.”
“Please turn on the conventional television and see how unhappy those that didn’t invest in us are,” Karp said during an earnings call. “Enjoy, get some popcorn. They’re crying. We are every day making this company better, and we’re doing it for this nation, for allied countries.”
Palantir declined to comment for this story.
WATCH: Palantir CEO Alex Karp: We’ve printed venture results for the average American
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