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This...Is CNN

Zam-Zam

Zam-Zam

Senator
And we got us some problems:

CNN’s Net Worth Sliced in Half to $2.3 Billion Over 2 Years

CNN’s net worth was nearly sliced in half between 2021 and 2023, according to financial metrics shared at the network’s defamation trial on Friday.

The network’s net worth went from $4.4 billion in 2021 to $2.3 billion in 2023 — a drop of 47.7% — according to what the company shared.

CNN’s annual revenue also dropped from $2.2 billion to $1.8 billion from 2021 to 2023, per the company’s internal metrics....


...The financial metrics put a spotlight on CNN’s conspicuous decline in recent years. And following the 2024 election, the network, along with MSNBC, has seen its ratings take a major hit. TheWrap reported in November that CNN’s viewership declined 27% in the weeks following Donald Trump’s victory over Kamala Harris, with CNN averaging 367,000 total viewers post-election.

CNN’s finances were reported after a Florida jury on Friday found that CNN defamed a U.S. Navy veteran when it implied he illegally profited from helping Afghans flee the country during a 2021 segment on “The Lead With Jake Tapper.” The network was ordered to pay Zachary Young $5 million in compensatory damages for libel, and the jury is still deciding on how much the network must now pay in punitive damages.

The Washington Post’s Jeremy Barr was the first to report the steep 2021-2023 decline.


Complete text: CNN’s Net Worth Sliced in Half to $2.3 Billion Over 2 Years


Companion story:

CNN Settles Defamation Suit After Being Ordered to Pay $5 Million

CNN Settles Defamation Suit After Being Ordered to Pay $5 Million - The New York Times
 
Zam-Zam said:
And we got us some problems:

CNN’s Net Worth Sliced in Half to $2.3 Billion Over 2 Years

CNN’s net worth was nearly sliced in half between 2021 and 2023, according to financial metrics shared at the network’s defamation trial on Friday.

The network’s net worth went from $4.4 billion in 2021 to $2.3 billion in 2023 — a drop of 47.7% — according to what the company shared.

CNN’s annual revenue also dropped from $2.2 billion to $1.8 billion from 2021 to 2023, per the company’s internal metrics....


...The financial metrics put a spotlight on CNN’s conspicuous decline in recent years. And following the 2024 election, the network, along with MSNBC, has seen its ratings take a major hit. TheWrap reported in November that CNN’s viewership declined 27% in the weeks following Donald Trump’s victory over Kamala Harris, with CNN averaging 367,000 total viewers post-election.

CNN’s finances were reported after a Florida jury on Friday found that CNN defamed a U.S. Navy veteran when it implied he illegally profited from helping Afghans flee the country during a 2021 segment on “The Lead With Jake Tapper.” The network was ordered to pay Zachary Young $5 million in compensatory damages for libel, and the jury is still deciding on how much the network must now pay in punitive damages.

The Washington Post’s Jeremy Barr was the first to report the steep 2021-2023 decline.


Complete text: CNN’s Net Worth Sliced in Half to $2.3 Billion Over 2 Years


Companion story:

CNN Settles Defamation Suit After Being Ordered to Pay $5 Million

CNN Settles Defamation Suit After Being Ordered to Pay $5 Million - The New York Times
Click to expand...
5 million!!!!..Oh my, still 780 million short what those Ass holes on Fox paid out
 
BackAlive said:
5 million!!!!..Oh my, still 780 million short what those Ass holes on Fox paid out
Click to expand...

Note how Trump cultists are gleeful when legit media outlets suffer misfortune. They know that their dictator wannabe Trump can more easily consolidate authoritarian power if there are less legit media outlets to challenge his lies.
 
Zam-Zam said:
And we got us some problems:

CNN’s Net Worth Sliced in Half to $2.3 Billion Over 2 Years

CNN’s net worth was nearly sliced in half between 2021 and 2023, according to financial metrics shared at the network’s defamation trial on Friday.

The network’s net worth went from $4.4 billion in 2021 to $2.3 billion in 2023 — a drop of 47.7% — according to what the company shared.

CNN’s annual revenue also dropped from $2.2 billion to $1.8 billion from 2021 to 2023, per the company’s internal metrics....


...The financial metrics put a spotlight on CNN’s conspicuous decline in recent years. And following the 2024 election, the network, along with MSNBC, has seen its ratings take a major hit. TheWrap reported in November that CNN’s viewership declined 27% in the weeks following Donald Trump’s victory over Kamala Harris, with CNN averaging 367,000 total viewers post-election.

CNN’s finances were reported after a Florida jury on Friday found that CNN defamed a U.S. Navy veteran when it implied he illegally profited from helping Afghans flee the country during a 2021 segment on “The Lead With Jake Tapper.” The network was ordered to pay Zachary Young $5 million in compensatory damages for libel, and the jury is still deciding on how much the network must now pay in punitive damages.

The Washington Post’s Jeremy Barr was the first to report the steep 2021-2023 decline.


Complete text: CNN’s Net Worth Sliced in Half to $2.3 Billion Over 2 Years


Companion story:

CNN Settles Defamation Suit After Being Ordered to Pay $5 Million

CNN Settles Defamation Suit After Being Ordered to Pay $5 Million - The New York Times
Click to expand...
I am not at all surprised by any of this. America is tired of being misled.
 
BackAlive said:
CNN is doing fine , they are World Wide...Fox?...Propaganda for DumbFvcks
Click to expand...
Yep. Once again pantsed by facts…humility-bereft leftyfilth simply mows thru his horrible demonstrated ERROR and doubles down on the attacks. Zero contrition. Not even a meaningless “my bad”. Nope. Far too lousy a human to acknowledge a mistake. So…on with the attacks.

Deficiency personified.
 
"CNN is doing fine" update:

Report: CNN Will Lay Off ‘Hundreds’ In Post-Election Cost-Cutting

CNN on Thursday will reportedly lay off “hundreds” of employees as the network seeks to cut production costs and shift its focus from declining viewership in cable news. CNBC, citing sources “familiar with the matter,” reported Wednesday night that CNN will “consolidate teams” and move production of some shows from New York and Washington to Atlanta “where production can be done more cheaply.”

CNN has not responded to requests for comment on the CNBC report, which also revealed that NBC News also intends to make job cuts, but on a far smaller scale, with the number of impacted employees expected to be “well under 50.” NBC has yet to comment on the report.


Complete text: Report: CNN Will Lay Off ‘Hundreds’ In Post-Election Cost-Cutting


Even Democrat Dick Durbin took a swipe at the struggling network:

If you had to guess which member of Congress would make light of how few Americans are watching television networks like CNN these days, you probably wouldn’t have picked Dick Durbin (D), the senior senator from Illinois.

But that’s what Durbin did on Dec. 18 when parrying a question from CNN correspondent Manu Raju about whether lawmakers deserve a pay raise.

“People look at the performance of Congress and say, ‘Why should we give them more money?’” Raju asked.

“What about the media?” Durbin countered. “Half of your listeners are not there anymore, and you’re still getting the same paycheck. What’s going on?”



Complete text: At CNN, lower TV ratings and heightened anxieties about what’s ahead

Yikes!

It's always sad when people lose their jobs, but CNN's ratings are dismal and getting worse. That has consequences.
 
Zam-Zam said:
"CNN is doing fine" update:

Report: CNN Will Lay Off ‘Hundreds’ In Post-Election Cost-Cutting

CNN on Thursday will reportedly lay off “hundreds” of employees as the network seeks to cut production costs and shift its focus from declining viewership in cable news. CNBC, citing sources “familiar with the matter,” reported Wednesday night that CNN will “consolidate teams” and move production of some shows from New York and Washington to Atlanta “where production can be done more cheaply.”

CNN has not responded to requests for comment on the CNBC report, which also revealed that NBC News also intends to make job cuts, but on a far smaller scale, with the number of impacted employees expected to be “well under 50.” NBC has yet to comment on the report.


Complete text: Report: CNN Will Lay Off ‘Hundreds’ In Post-Election Cost-Cutting


Even Democrat Dick Durbin took a swipe at the struggling network:

If you had to guess which member of Congress would make light of how few Americans are watching television networks like CNN these days, you probably wouldn’t have picked Dick Durbin (D), the senior senator from Illinois.

But that’s what Durbin did on Dec. 18 when parrying a question from CNN correspondent Manu Raju about whether lawmakers deserve a pay raise.

“People look at the performance of Congress and say, ‘Why should we give them more money?’” Raju asked.

“What about the media?” Durbin countered. “Half of your listeners are not there anymore, and you’re still getting the same paycheck. What’s going on?”



Complete text: At CNN, lower TV ratings and heightened anxieties about what’s ahead

Yikes!

It's always sad when people lose their jobs, but CNN's ratings are dismal and getting worse. That has consequences.
Click to expand...
They are in trouble, and it’s their own fault. If they were smart (which is doubtful), they would reevaluate some of their so called news reporters. Moving production to Atlanta is a big move for employees. Will be interesting to see how that plays out.
 
TBLee said:
They are in trouble, and it’s their own fault. If they were smart (which is doubtful), they would reevaluate some of their so called news reporters. Moving production to Atlanta is a big move for employees. Will be interesting to see how that plays out.
Click to expand...

It would seem to me that is something is not working out, perhaps try something different.

Or just keep on doing the same thing over and over and hope for different results.

To me, one makes more sense than the other.
 
Zam-Zam said:
It would seem to me that is something is not working out, perhaps try something different.

Or just keep on doing the same thing over and over and hope for different results.

To me, one makes more sense than the other.
Click to expand...
It does make sense. It will be interesting to see IF CNN is actually listening to America and willing to understand that many are tired of their obvious bias. It appears to me so far, they haven’t learned a thing.
 
TBLee said:
It does make sense. It will be interesting to see IF CNN is actually listening to America and willing to understand that many are tired of their obvious bias. It appears to me so far, they haven’t learned a thing.
Click to expand...

At least CNN has some company:

‘Goodness Gracious!’ CNN’s Harry Enten Stunned To Find Joe Biden’s Approval Ratings ‘Lowest Of Any President On Record’

‘Goodness Gracious!’ CNN’s Harry Enten Stunned To Find Joe Biden’s Approval Ratings ‘Lowest Of Any President On Record’


Joe Biden and CNN...made for each other.


:D
 
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