CNN President Jim Walton has announced that he will resign at the end of the year.
As The Associated Press first reported, Walton is stepping down to allow CNN to bring in new leadership that can revitalize the network, which is currently incurring some of its poorest ratings ever.
"For some time, I've been talking with (Turner Chairman and CEO) Phil Kent about wanting to make a change, and he supports my decision," Walton wrote in a memo to CNN employees.
Walton will stay through the end of the year, giving time for Kent to find a suitable successor.
After joining the company 31 years ago, Walton says CNN now needs "a new leader who brings a different perspective, different experiences and a new plan."
However, this new perspective doesn't seem to include any radical changes to CNN's nonpartisan philosophy. Walton explained that at CNN, "we want to be accurate above all else, we want to be timely — first if possible — we want to actually go to where the news is, not just subscribe to some agency's news feed and talk about it. We want to report the news from multiple sides, all sides, and without bias."