Mark Hoffman, Chairman of media company CNBC, has decided to step down. According to Mark Hoffman is doing this of his own free will.
KC Sullivan will return as Chairman at CNBC in place of Mark. KC Sullivan was working in London media company NBCUniversal for the last 2 years, he will soon return to USA
Mark first joined CNBC in 1997. For the first time in 2005, he got the high position of CNBC.
Mark has worked with CNBC for nearly 17 years. Mark will continue as an advisor with CNBC after leaving
Hoffman, 65, has grown to profitability at CNBC in 16 of his 17 years running the company. According to a person familiar with the matter, CNBC is set to increase its profitability again in 2022.
Hoffman said, “Once defined as a moribund domestic cable channel that many thought will never fully recover from the bursting of the dotcom bubble, CNBC is today a global multimedia powerhouse, holding its own weight in the digital age.” far above.”
Hoffman expanded CNBC’s TV reach with financial control over its international assets and focused on growing CNBC’s digital business. CNBC.com has grown a total of six-fold over the past six years, with unique monthly readership from nearly 30 million to nearly 200 million
According to Ipsos surveys, CNBC TV has held the No. 1 spot among all business news platforms for 29 consecutive years, earning over $125,000 annually. In any case, Mark Hoffman’s contribution to CNBC’s growth will never be forgotten