• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
CNN Host Stelter, Who Predicted Chris Cuomo Could Return in January, Asks ‘Has CNN Lost Trust?’

CNN Profits Decline to Lowest Level in Years, Sending New Boss in Search of Answers: Report

August 3, 2022
Suspect In ‘Targeted Terror Attack’ Yelled ‘End Zionists’

Suspect In ‘Targeted Terror Attack’ Yelled ‘End Zionists’

June 1, 2025
VANESSA BATTAGLIA: Hegseth Is Right To Demand Afghanistan Withdrawal Accountability

VANESSA BATTAGLIA: Hegseth Is Right To Demand Afghanistan Withdrawal Accountability

June 1, 2025
LEIF LARSON: We Can’t Let Microsoft Unfairly Dominate The Tech Marketplace

LEIF LARSON: We Can’t Let Microsoft Unfairly Dominate The Tech Marketplace

June 1, 2025
STEVE MILLOY: Trump To Revive The Nuclear Power Industry

STEVE MILLOY: Trump To Revive The Nuclear Power Industry

June 1, 2025
Nonprofit Funded By Chinese Gov’t-Linked Entities Backs Blue State’s ‘Unconstitutional’ Climate Law

Nonprofit Funded By Chinese Gov’t-Linked Entities Backs Blue State’s ‘Unconstitutional’ Climate Law

May 31, 2025
Why On-And-Off Voters Who Backed Trump May Be GOP’s Midterm Silver Bullet

Why On-And-Off Voters Who Backed Trump May Be GOP’s Midterm Silver Bullet

May 31, 2025
MICHAEL LUCCI: US Multinationals Must Exit China

MICHAEL LUCCI: US Multinationals Must Exit China

May 31, 2025
CASEY RYAN: Loudoun County Is Back In The Election Year Headlines Again

CASEY RYAN: Loudoun County Is Back In The Election Year Headlines Again

May 31, 2025
DAVID BLACKMON: Did Trump And Hochul Just Swap An Offshore Wind Farm For A Pipeline?

DAVID BLACKMON: Did Trump And Hochul Just Swap An Offshore Wind Farm For A Pipeline?

May 31, 2025
Father Of DJ Daniel Gives Heartbreaking Health Update About Son

Father Of DJ Daniel Gives Heartbreaking Health Update About Son

May 30, 2025
Appeals Court Blocks Trump’s Push For Mass Federal Firings

Appeals Court Blocks Trump’s Push For Mass Federal Firings

May 30, 2025
Musk Leaves DOGE With a Black Eye — Literally 

Musk Leaves DOGE With a Black Eye — Literally 

May 30, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Monday, June 2, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

CNN Profits Decline to Lowest Level in Years, Sending New Boss in Search of Answers: Report

by Western Journal
August 3, 2022 at 7:27 am
in News
250 2
0
CNN Host Stelter, Who Predicted Chris Cuomo Could Return in January, Asks ‘Has CNN Lost Trust?’

LAS VEGAS, NV - OCTOBER 13: A general view shows the stage during a walk-through before a Democratic presidential debate sponsored by CNN and Facebook at Wynn Las Vegas on October 13, 2015 in Las Vegas, Nevada. Five Democratic presidential candidates are scheduled to participate in the party's first presidential debate. (Photo by Alex Wong/Getty Images)

491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Executives at CNN’s parent company are struggling to set a new direction for the network amid declining viewership and the lowest profits in years, The New York Times reported Tuesday.

With former President Donald Trump mostly out of the political picture, CNN has struggled to retain an audience that tuned in for a reliable stream of partisan content directed against Trump.

It has had an average primetime viewership of 639,000 this quarter, a 27 percent drop from a year ago.

The network’s ratings trail even those of MSNBC, which itself has seen a decline in primetime viewership of 23 percent, according to the Times.

Meanwhile, Fox News — the only large media company in the United States generally critical of President Joe Biden — has increased its viewership, with a primetime increase of 1 percent relative to 2021.

Executives now expect CNN to make a profit of $950 million this year, well short of the original goal of $1.1 billion, the Times reported.

That would be the network’s lowest yearly profit since before the network reinvented itself with 24/7 criticism of Trump in 2016.

Executives of the media company Discovery have sought to set a new course for CNN after merging with the network’s former parent company, WarnerMedia, earlier this year.

Warner Bros. Discovery management wanted CNN to eschew the network’s “red-hot liberal opining” and instead focus on hard news, Axios reported in February.

Some of the network’s most partisan commentators, such as Brian Stelter and Jim Acosta, are on shaky ground, according to a report in June.

Chris Licht, an experienced television news executive appointed as CNN’s chairman after the departure of Jeff Zucker, has faced questions about his long-term plans for the network.

Some of Licht’s advisers have suggested that CNN sell sponsorships to tech corporations and other advertisers, potentially jeopardizing the network’s claims of editorial independence free of corporate influences, the Times reported.

CNN also is considering expanding its operations in China, a country where freedom of speech is severely curtailed by the communist government.

The collapse of failed streaming service CNN+ has taken a chunk out of the network’s profits. Some personalities the company hired for the service came at a significant expense.

The Times said the network “finds itself facing big questions about how it can continue to expand its business with its moonshot streaming service dead and the traditional TV business in structural decline.”

Warner Bros. Discovery could implement wide-ranging cuts at CNN if the network’s bottom line doesn’t improve.

Licht emphasized at a recent meeting that the network wasn’t considering job layoffs.

“No one has said to me, ‘You’re going to have to go cut this,’” he told employees, according to the Times.

“I think there’s an acute understanding that they don’t know our business,” Licht said of Warner Bros. Discovery executives.

This article appeared originally on The Western Journal.

Tags: ChinaCNNDemocratic PartyDonald TrumpFox NewsFreedomJim AcostaJoe Bidenliberal mediamainstream-mediamedia biaspoliticstelevision
Is the CNN brand beyond repair?

Completing this poll entitles you to our news updates free of charge. You may opt out at anytime. You also agree to our Privacy Policy and Terms of Use.
Yes: 100% (19 Votes)
No: 0% (0 Votes)
Share196Tweet123
Western Journal

Western Journal

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th