Oh CNN, how I miss the old days when you were the #1 news network and respected

Oh CNN, how I miss the old days when you were the #1 news network and respected. Oh how the mighty have fallen. The turmoil at CNN has been well documented in the last few years, and boy have the times changed. Now Fox News is the reigning champ, and there seems to be a never ending revolving door of anchors at CNN. 

But is that all about to change (cue the sarcasm)? The news network has a new CEO according to a story on rival network CNBC, “Mark Thompson, a former New York Times CEO, will begin as CNN’s CEO on Oct. 9.” 

Part of Mr. Thompson’s (no relation, but great last name!) long, exhausting list of responsibilities will be to “turning CNN into a sustainable business over the next five years” while at the same time resurrecting CNN’s EBITDA from its current $700 Million closer to the $1 Billion it was before their downfall. Best of luck with that.

After a year of chaos, CNN bets on new CEO Thompson to focus on long-term viability