Current:Home > InvestElon Musk picks NBC advertising executive as next Twitter CEO -CapitalEdge
Elon Musk picks NBC advertising executive as next Twitter CEO
View
Date:2025-04-13 03:14:59
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! (596)
Related
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Trump, special counsel back in federal court in classified documents case
- Ghana’s anti-LGBTQ+ bill draws international condemnation after it is passed by parliament
- 'A true diva in the making': 8 year old goes viral after singing national anthem at NBA game
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Caitlin Clark: Complete guide to basketball career of Iowa's prolific scorer and superstar
- Lawmakers bidding to resume Louisiana executions after 14-year pause OK new death penalty methods
- Staggering action sequences can't help 'Dune: Part Two' sustain a sense of awe
- Trump wants to turn the clock on daylight saving time
- How many points does LeBron James have? NBA legend closing in on 40,000
Ranking
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Beyoncé shows off array of hairstyles in cover shoot for CR Fashion Book
- The Skinny Confidential’s Lauryn Bosstick Shares the Beauty Essential She Uses Every Single Day
- Democratic lawmakers ask Justice Department to probe Tennessee’s voting rights restoration changes
- Arkansas State Police probe death of woman found after officer
- Chrysler recalls more than 338,000 Jeep Grand Cherokee vehicles for crash risk
- Evers signs bill increasing out-of-state bow and crossbow deer hunting license fees
- Larry David pays tribute to childhood friend and co-star Richard Lewis
Recommendation
A White House order claims to end 'censorship.' What does that mean?
Karol G's Private Jet Makes Emergency Landing in Los Angeles
The Dwight Stuff: Black astronaut Ed Dwight on 'The Space Race,' and missed opportunity
Watch Live: Biden and Trump hold dueling events at the southern border today
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Laiatu Latu, once medically retired from football, now might be NFL draft's best defender
Indiana Legislature approves bill adding additional verification steps to voter registration
Navalny’s family and supporters are laying the opposition leader to rest after his death in prison