Current:Home > MarketsElon Musk picks NBC advertising executive as next Twitter CEO -Blueprint Money Mastery
Elon Musk picks NBC advertising executive as next Twitter CEO
Charles H. Sloan View
Date:2025-04-11 01:36:37
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! (26)
Related
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Titanic Sub Passenger, 19, Was Terrified to Go But Agreed for Father’s Day, Aunt Says
- Biden’s Pipeline Dilemma: How to Build a Clean Energy Future While Shoring Up the Present’s Carbon-Intensive Infrastructure
- See Landon Barker's Mom Shanna Moakler Finally Meet Girlfriend Charli D'Amelio in Person
- Arkansas State Police probe death of woman found after officer
- Heat wave sweeping across U.S. strains power grid: People weren't ready for this heat
- As Powerball jackpot rises to $1 billion, these are the odds of winning
- Supreme Court to hear case that threatens existence of consumer protection agency
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Japan ad giant and other firms indicted over alleged Olympic contract bid-rigging
Ranking
- What to watch: O Jolie night
- The Heartwarming Way John Krasinski Says “Hero” Emily Blunt Inspires Him
- Here Are 15 LGBTQ+ Books to Read During Pride
- Kourtney Kardashian Seeks Pregnancy Advice After Announcing Baby With Travis Barker
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- How AI technology could be a game changer in fighting wildfires
- An Explosion in Texas Shows the Hidden Dangers of Tanks Holding Heavy Fuels
- Elon Musk apologizes after mocking laid-off Twitter employee with disability
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Businessman Who Almost Went on OceanGate Titanic Dive Reveals Alleged Texts With CEO on Safety Concerns
How to prevent heat stroke and spot symptoms as U.S. bakes in extreme heat
Warming Trends: Swiping Right and Left for the Planet, Education as Climate Solution and Why It Might Be Hard to Find a Christmas Tree
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Kylie Jenner and Stormi Webster Go on a Mommy-Daughter Adventure to Target
Democrats urge Republicans to rescind RFK Jr. invitation to testify
Oregon Allows a Controversial Fracked Gas Power Plant to Begin Construction