CNN Chief Jim Walton Quits

Troubled cable news network CNN is in need of new management, and no one knows it better than chief Jim Walton, who announced his resignation Friday, according to the Associated Press (via USA Today). Walton served as CNN chief for ten years, but in the wake of CNN’s sharp ratings declines, he acknowledged in his resignation email that “I think this company needs some new thinking”. Walton plans to work through the end of the year, until his replacement is found.


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