facebook
twitter
rss
account
search
search
 

Turner Broadcasting CEO Phil Kent to step aside

July 17, 2013 at 2:19 PM   |   Comments

ATLANTA, July 17 (UPI) -- U.S. media giant Time Warner Inc. said Wednesday Turner Broadcasting Chief Executive Officer Phil Kent will move up to chairman at the end of the year.

The company said Chief Financial Officer John Martin will succeed Kent, who has been the top executive at Turner Broadcasting, a division of Time Warner, since 2003, CNNMoney reported Wednesday.

During his tenure at the helm, Kent has helped orchestrate higher ratings for the Cartoon Network and CNN News, which has recently been rated the No. 2 cable news network by Nielsen.

CNN cable news began working its way up the ratings when Kent put former NBC executive Jeff Zucker in charge of the brand in November, CNNMoney said.

Time Warner properties Turner Broadcasting and HBO have been profitable in recent years, notching earnings of $4.7 billion in 2012.

Martin has been Time Warner's chief financial officer since 2008. Previously, he was CFO at Time Warner Cable.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
IS oil smugglers will feel wrath, Kurdish leader says IS oil smugglers will feel wrath, Kurdish leader says
2
Exxon says it's safe from Russian sanctions Exxon says it's safe from Russian sanctions
3
Outrage over FERC decision on LNG exports Outrage over FERC decision on LNG exports
4
Gas ball in Ukraine's court, Kremlin says Gas ball in Ukraine's court, Kremlin says
5
Navy orders more Block IV Tomahawk cruise missiles Navy orders more Block IV Tomahawk cruise missiles
Trending News
x
Feedback