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08-02-2022, 09:22 PM
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#1
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Registered User
Join Date: Dec 2009
Posts: 997
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CNN’s profitability declining
Quote:
CNN’s profits are poised to drop below the $1 billion mark for the first time since 2016 as its new boss scrambles for new ways to generate revenue, according to a report.
Chris Licht, who took the helm of CNN three months ago after the surprise exit of former chief executive Jeff Zucker, has not only inherited a scandal-scarred network, but is also running a channel with slumping ratings.
The cable news network’s profitability is on pace to decline to $956.8 million this year, according to projections from S&P Market Intelligence. That’s well short of the company’s internal target of $1.1 billion.
To cull expenses, WarnerBros. Discovery CEO David Zaslav tightened CNN’s travel and expense policy, with work celebrations for senior vice presidents and below to be capped at $50 per person, the report said. Licht has also cut costs in CNN’s reporting endeavors, opting to not send US-based staff to overseas events..
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https://nypost.com/2022/08/02/cnns-p...e-2016-report/
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08-02-2022, 09:35 PM
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#2
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 12,700
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From the article:
Zaslav has said he wants to shift CNN from its more left-leaning, opinion-based, Trump-heavy reporting made famous under former CNN boss Jeff Zucker to more fact-based, middle-of-the-road journalism. That move has come as CNN’s ratings have been on a downward spiral since former President Donald Trump has left office.
Admitting they are opinion based, while many a liberal thinks they report news and facts, they just admitted they didn't.
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08-02-2022, 10:52 PM
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#3
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,912
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CNN’s profitability declining...
So sad.
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08-03-2022, 12:59 AM
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#4
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,796
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No way in hell they make a billion bucks
__________________
WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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08-03-2022, 02:00 PM
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#5
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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Quote:
Originally Posted by Inner Dirt
From the article:
Zaslav has said he wants to shift CNN from its more left-leaning, opinion-based, Trump-heavy reporting made famous under former CNN boss Jeff Zucker to more fact-based, middle-of-the-road journalism. That move has come as CNN’s ratings have been on a downward spiral since former President Donald Trump has left office.
Admitting they are opinion based, while many a liberal thinks they report news and facts, they just admitted they didn't.
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It's a guarantee that the fact you stated sailed over a LOT of heads. It is fact, nonetheless.
__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
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08-03-2022, 02:03 PM
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#6
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Resurrectionist
Join Date: Jan 2017
Location: Cheyenne, Wy
Posts: 3,615
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Quote:
Originally Posted by Elkchester Road
It's a guarantee that the fact you stated sailed over a LOT of heads. It is fact, nonetheless.
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It's surprising when your business model is built around 2 gay men and an eraserhead.
__________________
Battle is the most magnificent competition in which a human being can indulge. It brings out all that is best; it removes all that is base. All men are afraid in battle. The coward is the one who lets his fear overcome his sense of duty. Duty is the essence of manhood.
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08-03-2022, 02:03 PM
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#7
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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Quote:
Originally Posted by jocko699
It's surprising when your business model is built around 2 gay men and an eraserhead.
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__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
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08-03-2022, 07:15 PM
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#8
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Registered User
Join Date: May 2020
Location: New Jersey
Posts: 1,086
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Zaslav is a great business executive and tomorrow will have a major news conference.
He's going to kill the release of 'Batman' despite being completed! The movie cost CNN about $90 million and he's taking the loss now. He said the movie is too woke. Also, the movie hasn't been received well in test runs. He just doesn't want to spend millions more in advertising, etc., to launch a dog.
So he killed the release. Strong exec do these things. He killed CNN + within hours of taking over. Plus, expect many more layoffs. Many more.
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08-03-2022, 10:48 PM
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#9
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by myohmyjustify
Zaslav is a great business executive and tomorrow will have a major news conference.
He's going to kill the release of 'Batman' despite being completed! The movie cost CNN about $90 million and he's taking the loss now. He said the movie is too woke. Also, the movie hasn't been received well in test runs. He just doesn't want to spend millions more in advertising, etc., to launch a dog.
So he killed the release. Strong exec do these things. He killed CNN + within hours of taking over. Plus, expect many more layoffs. Many more.
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I agree that Zaslav will make Warner Bros. Discovery a profitable company, the owner of CNN. And it was Batgirl that he canned. I can imagine Zaslav coming into the company and saying you spent what, 90 mil on this dog? They announce earnings for the parent company tomorrow.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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08-03-2022, 11:18 PM
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#10
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Registered User
Join Date: May 2020
Location: New Jersey
Posts: 1,086
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Quote:
Originally Posted by FakeNameChanged
I agree that Zaslav will make Warner Bros. Discovery a profitable company, the owner of CNN. And it was Batgirl that he canned. I can imagine Zaslav coming into the company and saying you spent what, 90 mil on this dog? They announce earnings for the parent company tomorrow.
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"Batgirl"... thanks for that clarification Fake ... I'm still trying to catch up on my pronouns. lol
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08-04-2022, 03:22 PM
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#11
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Registered User
Join Date: May 2011
Posts: 22,649
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CNN used to be in all the airports and I remember seeing their feed once while filling up with gasoline.
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08-04-2022, 03:43 PM
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#12
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 12,700
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Quote:
Originally Posted by davew
CNN used to be in all the airports and I remember seeing their feed once while filling up with gasoline.
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I never understood the attraction to talking gas pumps. I find then annoying.
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