Current:Home > ContactElon Musk picks NBC advertising executive as next Twitter CEO -Wealth Nexus Pro
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-14 06:34:24
Twitter owner Elon Musk announced in a tweet on Friday that Linda Yaccarino, a veteran media executive who led advertising at NBCUniversal for more than a decade, will succeed him as the platform's next CEO.
"I am excited to welcome Linda Yaccarino as the new CEO of Twitter!" Musk wrote.
"[Yaccarino] will focus primarily on business operations, while I focus on product design & new technology," Musk continued. "Looking forward to working with Linda to transform this platform into X, the everything app."
Hours earlier Friday, NBCUniversal announced that Yaccarino "is leaving the company, effective immediately," according to a statement.
"It has been an absolute honor to be part of Comcast NBCUniversal and lead the most incredible team," Yaccarino said.
Musk had tweeted Thursday that he had picked someone for the No. 1 job, the position currently occupied by himself. But left crucial details, like the person's identity, vague.
Yaccarino has led advertising at NBCUniversal for more than a decade, leading a team of more than 2,000 people, according to her LinkedIn profile. That's larger than Twitter's estimated workforce, now about 1,500 employees, or roughly 20% of the company's size pre-Musk.
Before NBCUniversal, Yaccarino headed ad sales and marketing at Turner Broadcasting System, currently owned by Warner Bros. Discovery, for more than a decade.
In December, Musk polled Twitter users about resigning as its chief executive. "Should I step down as head of Twitter? I will abide by the results of this poll," he tweeted.
Of the 17.5 million responses, 58% said "Yes."
Musk and Yaccarino shared a stage weeks earlier
Yaccarino and Musk appeared on stage together at a marketing conference in Miami in April.
She pressed Musk about Twitter's new "Freedom of Speech, Not Reach" safety policy, aimed at preserving the "right to express their opinions and ideas without fear of censorship."
Musk said that if someone wants to say something that is "technically legal" but "by most definitions hateful," Twitter would allow it to stay on the site but behind a "warning label."
When asked by Yaccarino how Twitter will ensure advertisements don't appear next to negative content, Musk said the site has "adjacency controls" to prevent that from happening.
Twitter has seen advertising sales plummet in a harsh economic climate for tech companies and the media industry.
In the weeks following Musk's acquisition last fall, more than half of Twitter's top 100 advertisers fled the site, citing warnings from media buyers.
Advertising had accounted for the majority of Twitter's revenue before Musk took the company private, according to SEC filings.
Yaccarino is the second executive to leave the network in recent weeks. Its parent company, Comcast, ousted NBCUniversal CEO Jeff Shell after an employee filed a formal complaint accusing him of sexual harassment.
Yaccarino was set to participate in a key marketing presentation for NBCUniversal next week in New York commonly called the "upfronts," where media companies aim to persuade brands to spend big dollars on commercial time.
veryGood! (5579)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- 2022 was a good year for Nikki Grimes, who just published her 103rd book
- 2-year-old grandson of new Bucks head coach Adrian Griffin has died in Illinois
- NFL Star Matthew Stafford's Wife Kelly Slams Click Bait Reports Claiming She Has Cancer
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Wisconsin drops lawsuit challenging Trump-era border wall funding
- Women's labor comeback
- UPS and Teamsters union reach agreement, avert strike
- Senate begins final push to expand Social Security benefits for millions of people
- Man who killed three people in small South Dakota town sentenced to life in prison
Ranking
- Travis Hunter, the 2
- 'Ginny And Georgia' has a lot going on
- 'Weird Al' Yankovic wants to 'bring sexy back' to the accordion
- A Lyle Lovett band member spotted a noose in Montana. Police are investigating it as hate crime
- B.A. Parker is learning the banjo
- Venice International Film Festival's 2023 lineup includes Woody Allen, Roman Polanski
- Women's labor comeback
- The NPR Culture Desk shares our favorite stories of 2022
Recommendation
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
Kansas football player arrested for allegedly committing criminal threat, causing terror
A political gap in excess deaths widened after COVID-19 vaccines arrived, study says
Russia warns of tough retaliatory measures after Ukraine claims attack on Moscow
US appeals court rejects Nasdaq’s diversity rules for company boards
Her work as a pioneering animator was lost to history — until now
Kyle Richards Sets the Record Straight on Why She Wasn't Wearing Mauricio Umansky Wedding Ring
The fantasia of Angelo Badalamenti, veil-piercing composer