Townhall - Tipsheet - Spencer Brown
CNN Just Got Even More Bad News
Spencer Brown | @itsspencerbrown | Posted: Aug 03, 2022 12:30 PM
Since the merger that brought CNN under new parent company Warner Bros. Discovery, things have not been going well at the self-proclaimed "most trusted name in news." New bosses told CNN hosts to tone down their "resistance" programming or face dismissal, their overly hyped streaming service CNN+ was unceremoniously killed off, and constant leaks from inside the network depict a media outlet steeped in drama and uncertainty.
Now, new reporting from The New York Times notes that CNN's profitability continues to wane as projections from S&P Global Market Intelligence "say that CNN’s profitability is on pace to decline to $956.8 million this year" which "would mark the first time since 2016 that the network has dipped below $1 billion in profit," per Times sources.
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READ MORE: https://townhall.com/tipsheet/spencerbrown/2022/08/03/the-cnn-implosion-continues-as-profits-slump-and-parent-company-looks-to-cut-3b-n2611154
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