CNN Head Jim Walton Out at Year's End

Low ratings precede 30-year news network vet's exit

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CNN announced today that Jim Walton, president of CNN Worldwide, will step down at the end of 2012, until which time he will continue in his current role. The decision is characterized by the network as Walton's own, made with "the support and respect of Turner Broadcasting CEO Phil Kent," who will lead the search for Walton's replacement.

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