PARA - CBS exec Licht to replace Zucker as CNN's chief

WarnerMedia (T -1.2%) is set to replace Jeff Zucker as the leader of CNN with CBS (PARA +0.1%) executive Chris Licht, according to media reports. Licht, executive VP of special programming at CBS, will be named as soon as the coming week. Licht has built up two news programs and is currently running The Late Show with Stephen Colbert at CBS. Discovery (DISCA -2%) chief David Zaslav made the choice of Licht to run CNN as the cable news network prepares to set sail under the merged Warner Bros. Discovery. Licht will also be expected to usher the news streaming service CNN+ into being. Zucker resigned unexpectedly earlier this month, citing an undisclosed relationship with an employee.

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CBS exec Licht to replace Zucker as CNN's chief