Adweek has confirmed that Mark Rosenthal is stepping down as CEO of Current TV. Current co-founder Joel Hyatt will take over for Rosenthal.
"After six years as a board member and two years leading Current as CEO, Mark Rosenthal is leaving the company and Joel Hyatt, who co-founded Current with Chairman Al Gore, will again assume the title of CEO," a spokesperson told Adweek. "During Mark's tenure, Current has become a focused cable network with a world-class leadership team, a new brand identity, a move towards long-form, ratings-driven factual programming, and a solid foundation for growth. These results helped pave the way for Current's recent successful launch of Countdown With Keith Olbermann and the network's major strategic shift to become a political commentary and news analysis network, with a clear, progressive point of view."
Rosenthal, who previously was president, COO of MTV Networks and CEO of Interpublic Media (the media operations unit of advertising and marketing company Interpublic Group), took over as CEO of Current in July 2009 and was responsible for bringing on former MSNBC host Keith Olbermann last February.