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 Barron’s, will join the business-news outlet August 11 as its editor in chief, replacing both Dan Colarusso, senior vice president of CNBC’s business newsgathering and Jay Yarow, the executive editor of CNBC.com. 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.
More from Variety
“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.”
The new hire will serve to break down any silos between CNBC’s TV and online editorial operations. Cho will have oversight of all editorial staffers.
More to come….
Best of Variety
Sign up for Variety’s Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.