They would be stupid to do that. The CNN division made $1.2 billion in profit last year. AT&T has much bigger problems.
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CNN for Sale
- Thread starter TVCOOL
- Start date
They would be stupid to do that. The CNN division made $1.2 billion in profit last year. AT&T has much bigger problems.
However, the purchase of a wobbly bigger company by a solid smaller one is possible and has been done many times. Lenders from both the buyer and seller will like a "distressed asset" sale. The buyer side lenders will see an opportunity to make money on the loans, and the seller lenders will like finding the debt retired or transferred to a better company.
If EMF wanted to get into TV, they could just start up a video service and distribute both OTT and via cable, etc.
Except CNN is not a "wobbly big company."
AT&T has more wobble than CNN.
AT&T has to decide what they want to be. Verizon has a much clearer picture.
AT&T wants to be Comcast. The problem, is they are not setup for it to work.
They are in an industry that is totally clouded by change in distribution systems and compensation. With the decline in cable and satellite, the carriage fees are suspect. The revenue model for future distribution is not firmly established. And the use of news channels is predominantly older demos.
Would not that be "wobbly" or even "wobbly squared"?
I once saw a news item about a person who died of a stroke while riding an adult low-rider bicycle on a slight incline. They figured he had gone several miles before the bicycle stopped moving. I think we might consider that all the cable news outlets are in that condition, but the length of the incline may be longer for one than another.
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ESPN is in worse shape than CNN if we are going by cable revenues. Fox News is in trouble once Trump is out. This is not specific to CNN.
I agree, and the reason why is because CNN owns its content, while ESPN is mostly dependent on deals with various leagues who own the content.
While most of the Republicans I know are Hispanic, I have been asking a few of them about media usage. They indicate that they will be spending more time with conservative media both online and via cable.
If this observation can be projected beyond my small and unrepresentative sample, there may be an increase in usage of Fox. And, if that is so, the same logic would mean that MSNBC and... wazzit called... the other one... may get less intense viewing.
Assuming they stick with all Trump all the time. I wouldn't watch that myself. I want to hear about other things.
Why would they stick with Fox when Newsmax and Oann are picking up steam. Even Trump is losing interest in Fox News.
It's all about dog whistles on conservative news stations. But with Trump gone their flame thrower will be diminished. Sure they will complain about Biden for 4 years but it won't have the same effect.
Those two are borderline amateur with less professional production and graphics. And, for a moderate (and most Hispanic Republicans are very moderate) the Newsmax and Oann opinion segments are way over the top Tea Party stuff.
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Fox News is not tailored to the moderate republican either. The nightly talkers are going after the right wing hardcore conservatives.
The BBC is far ahead of any other English-language outfit I know of when it comes to geographic breadth.
I have a podcast from BBC Radio in my queue, featuring dispatches from Delhi; the Nagorno-Karabakh region of Azerbaijan; the maritimes of Canada; Amsterdam; and the Caribbean island of Martinique.
The last report I listened to (a few weeks late) included reports on the new president in the Seychelles, early voting in Brooklyn, the prime minister resigning in Beiruit, and a new constitution voted in in Chile.
Want to bet the president of the Seychelles has ever been mentioned on CNN? I'm not talking about this month, I'll accept it if the mention was in the last 10 years.
The Seychelles came up during the Mueller report, so there was some mention of it during CNN's coverage of that story. Here is a link to that story:
https://www.youtube.com/watch?v=jIAom9_ttNI&feature=emb_logo&ab_channel=CNN
There are a large number of British nationals in Seychelles apparently, and those other countries were once part of the UK. That's why the BBC feels a responsibility to covering those places. But I notice they have been closing bureaus in places such as Nairobi and Burundi and have been firing reporters and staff as part of their government's budget cuts. Apparently their PM feels the BBC is biased against his party.
Maybe you missed it, and we have another thread on this, the president is telling his followers not to watch Fox News any more.
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