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Amidst record low ratings, Walton announced his resignation over the summer, saying the network needed new leadership. Earlier this month, CNN named its new president, Jeff Zucker. The former NBC Universal chief will begin at the end of January. Walton was named CNN Worldwide president in 2003 and had been with the network for more than 30 years.
In his memo, Walton wrote, "Jeff Zucker is a great leader for CNN's next chapter. You are lucky to get him. But not as lucky as he is to be getting you."
Read his full memo here:
Source: Huffington Post