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CNN for Sale
- Thread starter TVCOOL
- Start date
The building in Atlanta is for sale. The network is not.
It's been a decade since anything really happened at CNN Center in Atlanta. Executives some years ago moved essentially all of CNN's on-air operations to New York.
It's been a decade since anything really happened at CNN Center in Atlanta. Executives some years ago moved essentially all of CNN's on-air operations to New York.
I have linked the story below. The source is a reporter for Fox News:
https://www.ftvlive.com/sqsp-test/2020/11/15/cnn-for-sale-but-has-it-hit-its-peak
This may be more wishful thinking than fact.
https://www.ftvlive.com/sqsp-test/2020/11/15/cnn-for-sale-but-has-it-hit-its-peak
This may be more wishful thinking than fact.
Because that's been ratings poison to them, right? Oh yeah:
CNN leads ratings on election week, Fox News on top Election Day.
You may perceive it as "liberal" but seems often to be a shouting match which includes conservatives and Trump supporters. Meanwhile, Fox will barely let a liberal get a word in.
Read the other day Jeff Bezos is a possible contender to buy it. CNN's problem isn't "liberalism" - it's being sandwiched between two "play to the base" competing channels, and the entire internet.
Read the other day Jeff Bezos is a possible contender to buy it. CNN's problem isn't "liberalism" - it's being sandwiched between two "play to the base" competing channels, and the entire internet.
"World" is a big of an exaggeration. Even "English speaking world" is a bit beyond reality.
CNN's efforts to do other languages has not been very successful; the Spanish language service continues but I have never heard anyone in Latin America mention it as a news source.
This is more of a "world famous K-Rock" sort of thing. Or the "World Series" when 95% of the world does not play baseball.
CNN is essentially a domestic, US, make-it-or-break-it operation.
CNN has one thing going for it, it was the first cable news network that gained traction. Fox didn’t appear for another decade and a half. Thus CNN remains top of mind to cable viewers. Whether or not they remain the “liberal” network is in the eye of the beholder. But their brand will remain strong.
But this is like the case of WGN radio. Everyone knows it, everyone used to listen. Next to nobody listens today.
Over 30 years ago, when I was in Puerto Rico, it was my window on the world. I watched Wolf Blitzer raising his had above the windowsill to narrate the retaking of Kuwait. I watched the bombing of Baghdad.
Today, it is a bunch of amateurish commentators who, particularly on world subjects, make fools of themselves. It is no wonder that MSNBC smashes them in the ratings.
When was the last time they talked about world subjects? When was the last time any news channel dealt with world subjects? We have completely ignored the entire world for the last four years. No one's talking about anything but one guy, and that has to change. All of these people have to find something else to talk about, and find a way to make it interesting.
CNN went downhill between 2000 and about 2005, and since then have been at the pond scum level.
I noted it being a constant and progressive decline as in that era I flew an average of 150,000 or more miles a year, and got the CNN airport service for quite a few hours a week in most places I traveled in the US. It got so annoying that I would choose my seat in a departure gate area based not on the proximity to the boarding area but its distance from the CNN screen. By the time the recession hit, it had stabilized at a low level, but with more untrained reporters.
And that is why I prefer, both on XM and on the telly to use the Beeb.
CNN used to have a huge international physical presence with bureaus all over the world. When I started working with media in the Middle East and North Africa, CNN used to have pretty large bureaus in places like Baghdad, Beirut, Abu Dhabi, Jeddah, Riyadh, and Jerusalem. Over the past five years, most of the major networks have pulled out of these cities. Some of that was due to cost, as the local governments were constantly trying to shake the networks down. The other reason being the concern over safety of staff. A prime example of safety concerns started with the Arab Spring in Egypt. The Army literally started rounding-up reporters, putting them in prison. To this day, the entire Cairo reporting staff for Aljazeera, are still in Egyptian prisons, and will most likely die there.
Sky News was started with the promise of being an international news voice, but for similar reasons, it just hasn't worked either. A big problem is lack of revenue. Because many foreign governments have a tight reign on businesses in-country, advertising on 'foreign networks' is discouraged, if not banned altogether. That, and most non U.S. governments also control the media in their part of the world. What better way to control the news narrative, than to control the editorial stance? Begrudgingly these same governments can't keep foreign-based media out completely, but they've been pretty successful in choking-off access to media consumers in their part of the world, by denying organizations like CNN or SKY, access.
Sky News was started with the promise of being an international news voice, but for similar reasons, it just hasn't worked either. A big problem is lack of revenue. Because many foreign governments have a tight reign on businesses in-country, advertising on 'foreign networks' is discouraged, if not banned altogether. That, and most non U.S. governments also control the media in their part of the world. What better way to control the news narrative, than to control the editorial stance? Begrudgingly these same governments can't keep foreign-based media out completely, but they've been pretty successful in choking-off access to media consumers in their part of the world, by denying organizations like CNN or SKY, access.
You think the Beeb is any better? The cutbacks have hit them too. Shutting down bureaus, consolidating services.
It would be a stretch. CNN is worth $5 billion and Nexstar is worth about $4.7 billion. They'd need a partner.
One of the articles mentions ViacomCBS, and they're in slightly better shape, valued at $15 billion.
At least it can't be EMF ... or can it?
They need to get out of debt, they will want big money for CNN.
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