{"id":485152,"date":"2022-08-16T18:20:11","date_gmt":"2022-08-16T15:20:11","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cnbc-boss-mark-hoffman-to-step-down-after-17-year-reign\/"},"modified":"2022-08-16T18:20:11","modified_gmt":"2022-08-16T15:20:11","slug":"cnbc-boss-mark-hoffman-to-step-down-after-17-year-reign","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cnbc-boss-mark-hoffman-to-step-down-after-17-year-reign\/","title":{"rendered":"#CNBC boss Mark Hoffman to step down after 17-year reign"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a34cc1957625\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a34cc1957625\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cnbc-boss-mark-hoffman-to-step-down-after-17-year-reign\/#%E2%80%9CCNBC_boss_Mark_Hoffman_to_step_down_after_17-year_reign%E2%80%9D\" >&#8220;CNBC boss Mark Hoffman to step down after 17-year reign&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CCNBC_boss_Mark_Hoffman_to_step_down_after_17-year_reign%E2%80%9D\"><\/span>&#8220;CNBC boss Mark Hoffman to step down after 17-year reign&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p>CNBC president and chairman Mark Hoffman will be stepping down from his post at the helm of the 24-hour business <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> channel effective Sept. 12, it was announced on Tuesday.<\/p>\n<p>Hoffman will be replaced by KC Sullivan, who until now has been based in London, where he headed NBCUniversal\u2019s global advertising and partnerships, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2022\/08\/16\/cnbc-chairman-mark-hoffman-to-step-down-in-september.html?__source=sharebar%7Ctwitter&amp;par=sharebar\">according to CNBC.<\/a><\/p>\n<p>Sullivan will return stateside to succeed Hoffman, who will stay on in a consulting role to assist in the transition, the news site reported.<\/p>\n<p>\u201cMark has overseen the steady continued growth of CNBC as the world\u2019s #1 business and money news brand,\u201d said Cesar Conde, the chairman of NBCUniversal News Group, whose portfolio includes overseeing NBC News, MSNBC and CNBC. <\/p>\n<p>\u201cNo business news organization comes close to the reach and influence of CNBC, a true testament to Mark\u2019s leadership.\u201d<\/p>\n<p>Hoffman is credited with helming CNBC during a period of profitability for the cable channel, an impressive feat considering the dwindling linear television audiences. <\/p>\n<p>While CNBC has turned a profit, it faces stiff competition from Fox Business Network, which recently overtook its Comcast-owned rival for most viewers in the coveted 25-54 demographic during morning and market hours, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20220802006025\/en\/FOX-Business-Network-Expands-Lead-Over-CNBC-Delivering-Fourth-Consecutive-Month-as-Number-One-in-Business-Viewers\">according to Nielsen ratings.<\/a><\/p>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/cnbc-global-headquarters.jpg?w=1024\" alt=\"Hoffman is credited with leading Comcast-owned CNBC through a period of profitability.\" class=\"wp-image-23476875\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/cnbc-global-headquarters.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/cnbc-global-headquarters.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/cnbc-global-headquarters.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Hoffman is credited with leading Comcast-owned CNBC through a period of profitability.<\/figcaption><figcaption><span class=\"credit\">CNBC<\/span><\/figcaption><\/figure>\n<p>Fox Business Network is a subsidiary of Fox Corporation, which is the sister company of The Post\u2019s corporate parent, News Corp.<\/p>\n<p>Despite the challenge posed by Fox Business Network, CNBC still has significant influence, data from Ipsos surveys shows. CNBC ranks No. 1 among all business news platforms in viewers who earn more than $125,000 a year.<\/p>\n<p>Hoffman first joined CNBC in 1997. Four years later, he departed the network to take a job leading a local television station.<\/p>\n<p>In 2005, he returned to CNBC and urged its parent company to acquire a 50% stake in CNBC Europe and CNBC Asia, which at the time was owned by Dow Jones.<\/p>\n<p>Hoffman is also credited with growing the business channel\u2019s digital presence. According to the latest data, CNBC.com has boosted its monthly readership to around 200 million unique users.<\/p>\n<p>\u201cOnce defined as a moribund domestic cable channel that many thought would never fully recover from the dotcom bubble bursting, CNBC is today a global multi<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> powerhouse, punching far above its weight, in the digital age,\u201d Hoffman said.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/08\/16\/cnbc-boss-mark-hoffman-to-step-down-after-17-year-reign\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;CNBC boss Mark Hoffman to step down after 17-year reign&#8221; CNBC president and chairman Mark Hoffman will be stepping down from his post at the helm of the 24-hour business news channel effective Sept. 12, it was announced on Tuesday. Hoffman will be replaced by KC Sullivan, who until now has been based in London,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":485153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/mark-hoffman-cnbc-comp-1.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[132386,71739,79973,70749],"class_list":["post-485152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-8-16-22","tag-cnbc","tag-fox-business-network","tag-fox-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/485152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=485152"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/485152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/485153"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=485152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=485152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=485152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}