Jim Walton joined CNN 30 years ago just after the channel was launched (Image credit CNN Pressroom)

Jim Walton, president of CNN Worldwide, has announced his intention to resign from his post. In the email addressed to employees he wrote that he will work on this position until the end of the year.

Several commentators have related Walton’s resignation to the rapid fall in the ratings of channel, which in the second quarter fell by 40 percent. This is especially true of some prime time programs onU.S. networks.

In his letter, he wrote that they want to be accurate in everything, and want to be quick – the first, if possible – they want to go where the events happen, not just to subscribe to news reports and talk about them. He added that they want to cover the news from several points of view without bias.

At the same time, he added that company needs new thinking and it needs a new leader.

Walton wrote that he in this job for 10 years and is now ready for change. He recalled that CNN has had many ups and downs, and stressed that he trusts employees working for the channel.

It has now become known that Walton had expressed his desire to resign to his boss Phil Kent, Chairman and CEO, Turner Broadcasting System, Inc. at the beginning of the year. As reported by CNN, Phil Kent will lead the search team for a new successor to Jim.

Walton, 54, has been working with CNN since 1981, that is, almost since the launch of the channel.

Related Stories: