CNN President Resigns amid Worst Ratings in Decades

RT.COM: CNN President Jim Walton revealed on Friday that he will leave the network after three decades effective the end of this year, an unexpected departure that follows an announcement that the station is seeing its worst ratings since the early 90s.

Walton will walk away from CNN after spending 30 years building the business up. He’s overseen their operations as president for the last decade, but announced in an email to his staff this week that both CNN and himself need to start working towards something new.

`I've been doing this job I'm in now for 10 years and I'm ready for a change,” Walton writes. “CNN needs new thinking. That starts with a new leader who brings a different perspective, different experiences and a new plan, one who will build on our great foundation and will commit to seeing it through. And I’m ready for a change. I have interests to explore and I want to give myself time to do it [sic].” » | Friday, July 27, 2012