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Zachary Halaschak, Economics Reporter


NextImg:NYC billionaire John Catsimatidis says he wants to buy CNN and run it as CEO

New York City billionaire John Catsimatidis said that he wants to purchase CNN and become its next CEO.

The 74-year-old mogul told the Washington Examiner during a Thursday phone call that he made the decision after seeing the departure of CEO Chris Licht. Catsimatidis said that he was “outraged” to learn of the ouster of Licht, who got pushback for allowing former President Donald Trump to have a town hall on the network.

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“What kind of business people are running CNN? It’s crazy,” Catsimatidis said, noting how much CNN’s ratings went up with Trump’s town hall.

Catsimatidis purchased New York-based radio station WABC in 2019 and hosts a popular talk radio show on the station. He said that he would model his stewardship of CNN on WABC, noting that the station has a “commonsense” approach to its programming.

“I’d like to bring common sense to CNN,” he said.

Catsimatidis, who is worth an estimated $4.1 billion, said he couldn’t get into too many specific details about a possible purchase but said he has reached out and discussed the matter with a few people. He also said he intends to reach out to Ted Turner, who founded CNN, and said that he admires him.

“I think I’m the only one that’s accepted by both Democrats and Republicans, and I could put it together,” Catsimatidis said of his prospects of running CNN.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

In April, Catsimatidis, who is known for donating to candidates from both parties (he gave to both Hillary Clinton and Trump in 2016), told the Washington Examiner that he would commit his significant amounts of money to getting a Republican elected president if President Joe Biden is on the Democratic ticket in 2024.

Although, later that month he told the Washington Examiner he wouldn’t be donating to Gov. Ron DeSantis (R-FL) as the governor “doesn't even return [his] phone calls.”