Mark Thompson was previously director-general of the BBC and chief executive of The New York Times. Reuters
Mark Thompson was previously director-general of the BBC and chief executive of The New York Times. Reuters
Mark Thompson was previously director-general of the BBC and chief executive of The New York Times. Reuters
Mark Thompson was previously director-general of the BBC and chief executive of The New York Times. Reuters


Details man Mark Thompson completes hat-trick by taking on CNN challenge


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  • Arabic

September 05, 2023

There is a deceptive steeliness to Mark Thompson – sorry, Sir Mark, it takes some getting used to, he was knighted in June. He smiles a lot, nods, his eyes sparkle mischievously, but behind that bearded jolly exterior, his mind is whirring away and his own view is forming.

That’s not to say he isn’t good company, he is. When he was director-general of the BBC from 2004 to 2012, I found him to be one of the most approachable chiefs of that corporation I’ve known.

Grounded, not mired in its peculiar love of management jargon and acronyms; someone who spoke directly, who made clear that despite the organisation’s strengthening of its digital products offering and the cutting of thousands of jobs on his watch, the priority for him was always content, and his passion was news.

I remember being impressed with his range of knowledge about the place’s vast output. It would be easy for him, as DG, to focus only on the big picture, strategic stuff and to say he didn’t have a clue when a matter regarding an aspect of programming was raised, that it was for an underling – he would not be the first or last BBC boss to do so – but no, he was across the subject.

In fact, it was that aspect which detained him, giving the impression that the loftier, political side of running a worldwide public service broadcaster was not so arresting. He was a good disarmer, was Mark.

He will need to be again, as he takes charge of another creaking, sprawling global media news network. He did it for a second time, heading The New York Times after the BBC. Now, Thompson is rolling up his sleeves again – he does not do formality, he is direct and down-to-earth, in manner and in dress – and taking on the might that was CNN.

In a way, when his appointment as chief executive and editor-in-chief was announced, the temptation was to ask, what took them so long? This is someone, after all, who has managed with distinction two of the world’s centrist media giants.

A hat-trick in another similarly positioned legacy media provider facing an uncertain future after a starry past, seemed a natural step.

CNN has been on a downward trajectory. Getty Images
CNN has been on a downward trajectory. Getty Images

He's doing so, though, at an age, 66, when other Brits of his ilk are thinking about accepting the gracious sinecure of master of an Oxbridge college and/or chairing a think tank and institutional board or two. He’d been out of the cauldron for three years, after The New York Times.

He was not doing very much, living in a vast apartment on the Upper West Side with his writer wife, Jane Blumberg (her father, Baruch, shared the Nobel Prize for his research into hepatitis B, which led to the development of a vaccine for it). They have three children.

Money was not a driver – from 2017 to 2019 alone he received $17.9 million as chief executive of The New York Times.

Thompson is not the sort to put his feet up. He bristles with energy and it was going nowhere. Then, there was a call from David Zaslav, chief of Warner Bros Discovery that has owned CNN since 2022, in the week in June when he was honoured by King Charles III.

The pair knew each other when Zaslav headed Discovery and they did deals with Thompson’s BBC. Zaslav had an immediate problem: CNN had no one fixed at the helm; Chris Licht, a veteran TV producer tasked with steering it, had been fired.

Licht had lasted 13 months, during which he failed to arrest a decline in ratings and staff morale dipped. The final straw was a highly negative profile in The Atlantic.

Mark Thompson has been appointed as chairman and chief executive of CNN. AP
Mark Thompson has been appointed as chairman and chief executive of CNN. AP

Apart from questions about Licht’s ability, his overriding problem could be summed up in one word: Trump. When Trump was on the stump and in power, CNN did well. It became an antidote to Fox News, unafraid to pick apart the president’s sayings and deeds.

He would rail against the channel for pumping out “fake news”; they would make a virtue of disbelieving him and sticking to “truth”. It was a stance that served them well – in 2017, CNN made a billion dollars. Since then, it’s been on a downwards trajectory, failing to make much of an impression in the Joe Biden years.

The New York headquarters of CNN. Getty Images/AFP
The New York headquarters of CNN. Getty Images/AFP

Zaslav took the view it was too activist, too left, he wanted a station that was straight-down-the-middle editorially, believing there was a ready audience for objective news. Licht could not deliver; now it’s Thompson’s turn.

Thompson inherits a force of 4,000 journalists and a situation not unlike that he encountered at the BBC. He used to criticise the BBC newsroom for being “too liberal” and showing an anti-Tory bias.

Partly, that was not helpful since the ruling party that decided the BBC’s funding was Tory but that was not his prime motivation, that was to produce accurate, unprejudiced news.

On paper, he appears the typical insider – private school, then Oxford, followed by the BBC. In truth, he is more of an outsider. His mother was Irish and as a child he spoke with an Irish accent, so much so his parents made him have elocution lessons to drop the twang and speak more refined English as they thought it would stand him in good stead career-wise.

He went to Stonyhurst, a Catholic, Jesuit boarding school in the North of England. He is still a devout attender at weekly Mass.

His solid upbringing coupled with a sharp intellect gave him an easy self-confidence. At the BBC, he was able to tiptoe through office politics, getting on with everyone, avoiding trouble. That, plus a rare ability to marshal and to organise, marked him out. By 30, he was producing what was then the flagship Nine O’Clock News.

At CNN, aside from the positioning issue to consider, there is a more fundamental, even existential, question, which is the network’s long-term appeal. Cable TV, across the board, is in trouble, with fewer subscribers and a decline in advertising.

Drawing in younger viewers, who prefer to put their faith in bite-sized chunks of news from all sorts of unreliable sources on social media is a tough ask.

Thompson moves in next month. From the off, he's made sure there’s no doubt who is in charge of everything. He’s the top businessperson as chief executive and top editorial as editor-in-chief.

That’s one potential source of conflict and disarray dealt with. And, in a note to CNN staff, he wrote, “I’ve spent most of the past 20 years figuring out with colleagues at some of the world’s other great news operations not just how to survive the revolution, but to thrive in it and gain new audiences and revenue streams. I aim to do the same at CNN. It won’t be my plan that wins the day but our plan, the plan we devise and implement together.”

It's not easy, winning over dispirited, suspicious journalists and that was well-received. Things just may be looking up at last for CNN.

MATCH INFO

Barcelona 2
Suarez (10'), Messi (52')

Real Madrid 2
Ronaldo (14'), Bale (72')

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Saturday's schedule at the Abu Dhabi Grand Prix

GP3 race, 12:30pm

Formula 1 final practice, 2pm

Formula 1 qualifying, 5pm

Formula 2 race, 6:40pm

Performance: Sam Smith

The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

The specs

Engine: 6.2-litre V8

Transmission: ten-speed

Power: 420bhp

Torque: 624Nm

Price: Dh325,125

On sale: Now

PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

The%20trailblazers
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The Book of Collateral Damage

Sinan Antoon

(Yale University Press)

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

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MATCH INFO

Norwich City 0 Southampton 3 (Ings 49', Armstrong 54', Redmond 79')

Spider-Man: No Way Home

Director: Jon Watts

Stars: Tom Holland, Zendaya, Jacob Batalon 

Rating:*****

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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The%20Legend%20of%20Zelda%3A%20Tears%20of%20The%20Kingdom
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Starfield
%3Cp%3EDeveloper%3A%20Bethesda%20Game%20Studios%0D%3Cbr%3EPublisher%3A%20Bethesda%20Softworks%0D%3Cbr%3EConsole%3A%20PC%2C%20Xbox%0D%3Cbr%3ERelease%20date%3A%202023%3C%2Fp%3E%0A
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Leap of Faith

Michael J Mazarr

Public Affairs

Dh67
 

School counsellors on mental well-being

Schools counsellors in Abu Dhabi have put a number of provisions in place to help support pupils returning to the classroom next week.

Many children will resume in-person lessons for the first time in 10 months and parents previously raised concerns about the long-term effects of distance learning.

Schools leaders and counsellors said extra support will be offered to anyone that needs it. Additionally, heads of years will be on hand to offer advice or coping mechanisms to ease any concerns.

“Anxiety this time round has really spiralled, more so than from the first lockdown at the beginning of the pandemic,” said Priya Mitchell, counsellor at The British School Al Khubairat in Abu Dhabi.

“Some have got used to being at home don’t want to go back, while others are desperate to get back.

“We have seen an increase in depressive symptoms, especially with older pupils, and self-harm is starting younger.

“It is worrying and has taught us how important it is that we prioritise mental well-being.”

Ms Mitchell said she was liaising more with heads of year so they can support and offer advice to pupils if the demand is there.

The school will also carry out mental well-being checks so they can pick up on any behavioural patterns and put interventions in place to help pupils.

At Raha International School, the well-being team has provided parents with assessment surveys to see how they can support students at home to transition back to school.

“They have created a Well-being Resource Bank that parents have access to on information on various domains of mental health for students and families,” a team member said.

“Our pastoral team have been working with students to help ease the transition and reduce anxiety that [pupils] may experience after some have been nearly a year off campus.

"Special secondary tutorial classes have also focused on preparing students for their return; going over new guidelines, expectations and daily schedules.”

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

What are the GCSE grade equivalents?
 
  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G

Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin

The biog

DOB: 25/12/92
Marital status: Single
Education: Post-graduate diploma in UAE Diplomacy and External Affairs at the Emirates Diplomatic Academy in Abu Dhabi
Hobbies: I love fencing, I used to fence at the MK Fencing Academy but I want to start again. I also love reading and writing
Lifelong goal: My dream is to be a state minister

The%20specs
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Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
  2. Westminster, London 
  3. Camden, London 
  4. Glasgow, Scotland 
  5. Islington, London 
  6. Kensington and Chelsea, London 
  7. Highlands, Scotland 
  8. Argyll and Bute, Scotland 
  9. Fife, Scotland 
  10. Tower Hamlets, London 

 

End of free parking

- paid-for parking will be rolled across Abu Dhabi island on August 18

- drivers will have three working weeks leeway before fines are issued

- areas that are currently free to park - around Sheikh Zayed Bridge, Maqta Bridge, Mussaffah Bridge and the Corniche - will now require a ticket

- villa residents will need a permit to park outside their home. One vehicle is Dh800 and a second is Dh1,200. 

- The penalty for failing to pay for a ticket after 10 minutes will be Dh200

- Parking on a patch of sand will incur a fine of Dh300

Updated: September 12, 2023, 8:16 AM