Lou Dobbs, the chief business executive and on-air analyst for CNN and the exec in charge of the spinoff financial news network CNNfn, told his staff Wednesday he plans to remain with the web, despite recent disagreements with Time Warner execs over the future of CNNfn.
Dobbs, who anchors CNN’s “Moneyline” and also serves as managing editor for CNN business news, had been pressing superiors inside Time Warner to expand CNNfn to 24 hours a day from its present 12 hours but was reportedly being rebuffed. Dobbs has guided the network since its launch on Dec. 29, 1995.
In the wake of the CNNfn conflict, speculation flew that the frustrated Dobbs could resign despite a contract that runs through the year 2000. CNN was apparently willing to let Dobbs leave.
However, a source inside Time Warner said that Dobbs had reached a compromise with his superiors. He declined to elaborate, and Dobbs was unavailable for comment.
Dobbs has been with CNN since its launch 17 years ago. He was upped to executive VP of CNN in May 1995.