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Incoming CNN President Jeff Zucker said Thursday that he intends to make the network more "vibrant and exciting" while broadening the programming on television's original but struggling cable news outlet. The former NBC Universal chief's long-rumored selection as CNN president was announced Thursday. He'll start in January and report to Phil Kent, who runs all the Turner networks for parent company Time Warner.

Amidst record low ratings, Time Warner-owned CNN reportedly has major changes coming its way. Time Warner chief Jeff Bewkes recently told reporters that he was "not happy with CNN's ratings performance and...focused on fixing it."

Time Warner posted strong fourth quarter earnings on Wednesday as the company capitalized on the continued success of Harry Potter and the Deathly Hallows Part 1, growth in networks stemming from advertising and subscription growth in HBO and TVS, and improved productivity in its publishing unit, Time Inc. The company thus decided to revamp its share buyback program and hike its quarterly dividend, to the joy of investors who propped the stock up more than 7% in early trading.

The nation's top broadcast regulator on Thursday urged Time Warner Cable and the Fox television network to agree to a temporary ...