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Mark Hoffman Steps Down from CNBC Chairman Position

NBCUniversal hopes to bring a more centralized unit with CNBC, NBC News, and MSNBC following the hiring of Cesar Conde to oversee the group. 

Eduardo Razo

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CNBC is undergoing leadership change as the network announced Mark Hoffman, president since 2005 and chairman since 2015, said on Tuesday that he’s stepping down on Sept. 12.

In a press release, Hoffman is said to be leaving on his terms as NBCUniversal hopes to bring a more centralized unit with CNBC, NBC News, and MSNBC following the hiring of Cesar Conde to oversee the group. 

“Mark has overseen the steady continued growth of CNBC as the world’s #1 business and money news brand,” Conde said. “No business news organization comes close to the reach and influence of CNBC, a true testament to Mark’s leadership.”

KC Sullivan is returning to replace Hoffman as CNBC’s new president after spending the last two years as president and managing director of NBCUniversal’s global advertising and partnerships in London.

“We are in the business of business so it’s important to note we’ve never been more profitable, setting record after record in financial performance, year after year, as we maneuvered through economic cycles, exogenous events and the historic secular change that accompanied the information age,” Hoffman said.

News Television

Non-Profit Aiding Broadcast Professionals Affected by Hurricane Ian

The Broadcasters Foundation of America said it will provide qualified individuals monetary relief if they were affected by Hurricane Ian.

Ryan Hedrick

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A non-profit organization dedicated to helping broadcast professionals who have fallen on hard times is stepping up to help those personally impacted by Hurricane Ian. 

In a news release, The Broadcasters Foundation of America said it will provide qualified individuals monetary relief if they were affected by Hurricane Ian. The organization said requests have come in from Spanish Broadcasting System, America CV Station Group, Telemundo, and Univision. 

“Our Emergency Grant Program is set up with a streamlined vetting process that allows us to move quickly and get checks to those in desperate need quickly,” explained Tim McCarthy, President of the Broadcasters Foundation of America.

Last week, Hurricane Ian made landfall as a category four storm with sustained winds of 150 mph. The hurricane came ashore as one of the strongest storms ever to strike Florida. 

“Broken pipes, power outages, displacement, and more have brought devastation to many of our colleagues,” McCarthy said. “We’re asking every broadcaster in affected areas to help us get the word out to those who may qualify for assistance.” 

One-time emergency grants are awarded to qualifying broadcast colleagues recovering from a natural disaster, such as hurricanes, tornados, fires, floods, or other serious misfortune.

Personal donations can be made to the Foundation’s Guardian Fund. Corporate contributions are accepted through the Angel Initiative, and bequests can be made through the Foundation’s Legacy Society. For more information, please visit www.broadcastersfoundation.org, call 212-373-8250, or email info@thebfoa.org.

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News Television

CNN Loses White House Reporter Ryan Nobles to NBC News

NBC News has hired former CNN staffer Ryan Nobles as its Capitol Hill correspondent. Nobles spent the last eight years at CNN covering Washington D.C. politics.

Ryan Hedrick

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NBC News has hired former CNN staffer Ryan Nobles as its Capitol Hill correspondent. Nobles spent the last eight years at CNN covering Washington D.C. politics. 

According to Deadline, Ken Strickland, NBC News Washington D.C. bureau chief announced the hiring in an internal memo. 

“It’s an exciting time to welcome Ryan, as we enter the final midterms sprint and prepare to cover a new Congress in just a few months,” the memo stated. 

In a tweet Monday, Nobles thanked his CNN colleagues and acknowledged the opportunity to report on so many important stories. 

“It was truly an honor to work with some of the best in the business at such a crucial time,” the tweet read. 

Meanwhile, Noble will begin his tenure a little more than two months away from the critical midterm election. 

“Many of our Washington colleagues know Ryan well — he’s been a staple at CNN, where he worked for eight years both on and off the Hill covering some of the biggest political stories of the decade,” Strickland said.

“We already have one of the best reporting teams in the business on the Hill, led by Garrett, our Senior Capitol Hill Correspondent, along with Ali, Allie, and a terrific lineup of digital reporters and producers,” he added. “I’m confident Ryan will strengthen that operation even further and hope you’ll join me in welcoming him to the team.” 

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News Television

Donald Trump Files Defamation Lawsuit Against CNN

Former President Donald Trump has reportedly filed a massive defamation lawsuit against CNN and seeks $475 million in punitive damages.

Ryan Hedrick

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Former President Donald Trump has reportedly filed a massive defamation lawsuit against CNN. According to The New York Post, the suit seeks $475 million in punitive damages. 

Trump alleges that the network used its influence to defeat him politically. He also alleges that CNN has ramped up its attacks on him in recent months out of fear that he will run again in 2024. 

Trump is facing a multitude of legal challenges including a criminal investigation from the U.S. Justice Department for his allegedly concealing classified documents. 

In August, federal agents raided Trump’s Mar-a-Lago residence looking for any evidence related to the case. Last month, New York State Attorney General Letitia James filed a lawsuit against Trump and some of his children accusing them of lying to banks and insurers over the value of his assets.

“As a part of its concerted effort to tilt the political balance to the left, CNN has tried to taint the Plaintiff with a series of ever-more scandalous, false, and defamatory labels of ‘racist,’ ‘Russian lackey,’ ‘insurrectionist,’ and ultimately ‘Hitler,’” the lawsuit claims.

A Congressional committee is currently investigating Trump’s alleged role in the Jan 6 Capitol riots. 

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