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Industry: Email Alert RSS FeedNew CNN biz honcho hopes to turn cable news rival into peacock soup.
Investment News, January, 2000 by Block, Valerie
Shelby Coffey III walked into one tough situation when he accepted the position as president of CNN business news and CNNfn. The former editor and executive vice president of the Los Angeles Times took the executive post that had been empty since June, when popular anchor Lou Dobbs walked out after a series of battles with management.
He was also clearly the second choice, getting a crack only after Wall Street Journal managing editor Paul Steiger turned down the Job following a highly publicized courtship. "Lou Dobbs is an institution; it's going to be tough filling shoes like that," says Bill Cella, director of broadcast and programming for media buying firm Universal McCann. Mr. Coffey is undaunted by the formidable hurdles ahead. "In fact, I...
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