CNN CEO Chris Licht hands over business responsibilities, the report says

Hours after The Atlantic dropped a long and not so positive profile on Chris Licht, Puck News reported that the CNN chief has told staff that he is no longer tasked with managing the business operations of the company. It was this past Wednesday that Licht claimed that “he would hand over control of all business operations to David Leavy, the head of business affairs at Warner Bros. Discovery and a longtime member of [David] Zaslav braintrust,” the publication noted. According to the report, the decision to move Licht away from the financial affairs was an “unequivocal vote of diminished confidence on the part of the parents in Licht̵[ads1]7;s ability to manage a business.” Especially since Licht took over, CNN has struggled with pulling in big cable ratings.