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Lou Dobbs Leaves CNN for Space

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  • Lou Dobbs Leaves CNN for Space

    Lou Dobbs Leaves CNN for Space
    May be old news to some...




    CNN announces departure of CNNfn President Lou Dobbs

    Dobbs
    Dobbs to launch Internet venture, Space.com
    June 8, 1999
    Web posted at: 10:12 p.m. EDT (0212 GMT)

    (CNN) -- CNN News Group Chairman, President and CEO Tom Johnson and
    CNNfn President Lou Dobbs have announced Tuesday that in a mutual,
    amicable agreement, Dobbs will be leaving his position, effective
    Friday, June 11, to launch a new Internet venture, Space.com, a Web
    site for news, entertainment and educational content on space.

    "We are grateful for Lou's leadership over the years and for his
    nearly two decades of groundbreaking reporting and anchoring in the
    field of business news," said Johnson. "His contributions to CNN and
    the world of financial reporting have been immeasurable, and we wish
    him the very best in the future."

    Dobbs said, "I am grateful to Ted Turner and Tom Johnson for the
    opportunity to have helped build CNN and CNN.com into a first-class
    television news and interactive institution. Their support enabled me
    to build CNNfn, CNNfn.com, Moneyline News Hour and the Financial News
    division, which today are stronger than at any point in their history.
    I am looking forward to the opportunity they've given me to build
    Space.com, the world's leading Web site on space. I leave with the
    utmost respect for the organization, and for the news professionals it
    has been my pleasure to work alongside."

    David Bohrman, executive vice president, CNNfn, will continue to
    oversee the CNNfn network; and Jeff Gralnick, executive vice
    president, CNN Financial News, will continue in his role as the
    executive in charge of the Moneyline News Hour and other Financial
    News programming. Both executives will report directly to Johnson.

    Willow Bay, co-host of CNN & Fortune and CNN & Entertainment Weekly,
    and others from CNN will serve as interim anchors for Moneyline.

    Dobbs joined CNN at its inception in 1980 as chief economics
    correspondent and anchor of Moneyline, television's first nightly
    business newscast. In 1984, he was appointed vice president and
    managing editor of CNN Financial News, the division that produces
    business news programs and updates for the networks and services of
    the CNN News Group.

    In 1992, Dobbs was named senior vice president of CNN. He was named
    CNN executive vice president in May 1995 and was responsible for the
    December 1995 launch of CNNfn, the first network to debut
    simultaneously with a companion Web site. Dobbs served as executive
    vice president of CNN until August 1997, when he was named president
    of CNNfn.



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