CNBC heads toward market close with a new executive about to come on board to manage its editorial ups and downs.
David Cho, formerly the top editorial executive at News Corp.’s Baaron’s, will join the business-news outlet August 11 as its editor in chief, replacing both Dan Colarusso and Jay Yarow. The switch takes place as CNBC is about to be spun off with most of the other cable assets of NBCUniversal into a new company called Versant.
“David’s appointment as Editor-in-Chief marks an important evolution for CNBC as we unify editorial efforts across every platform,” said KC Sullivan, president of CNBC, in a statement. “With his deep expertise in business journalism and a strong track record as a strategic leader, David is uniquely positioned to guide our newsroom into the future. Under his leadership, we’ll continue to elevate the trust and clarity that define CNBC’s essential content – meeting our audience wherever they are with the authority and depth they expect.”
More to come….