CNN's Demise (Announces 6% layoff)

Or "misinformation" for short.

 

Funny thing is they don’t even have to reach into the rear pocket for that sum, that’s front pocket money.

now CNN’s lawyer said in court that a 15 million dollar settlement would have grave financial consequences for CNN

I hope the punitive damages are 500 million plus.

 

I record ABCs World News Tonight every day. That way my wife and I can watch it without commercials which we fast forward through. I guess that makes your statement about 30 minutes a day true.

 

I do the same with CBS and watch it occasionally- Norah is good. That and occasionally MTP is about it for TV news.

 

I hate their overly long opening tease, multiple pre-commercial teases of what’s coming up (as if they mean the next segment even though they don’t mean that), and then about one minute of news sprinkled in the last three commercial breaks that last what seems like ten minutes. They suck and have lost me.

 

As I stated a couple of months ago when another poster suggested that the $787 million settlement wouldn't represent a hardship to the network, lying is part of the Fox News business plan and network considers settlements of defamation lawsuits a cost of doing business.

As far as CNN is concerned is the lawsuit to which you're referring?
FBI Nominee Patel's CNN Defamation Lawsuit Fails to Advance

I guess this was the one. The $15 million (if that's what the network agreed to pay) doesn't come remotely close to the $787 million that Fox agreed to pay.
CNN Settles Defamation Suit After Being Ordered to Pay $5 Million

 

They still have not awarded the punitive damages yet, speculation is 500 million.

 

You realize that a settlement means that the case is over, right? Whoever told you that they were going to have to pay 500 million on that case apparently figured that you would believe that for some reason and that they could take advantage of that fact.

 

That’s why I record it. The commercials. I wouldn’t watch it if not for my dvr.

 

Don’t beat yourself up. Any Gator is better than your old Harrison Ford picture.

 

Fox paid and they could afford to pay it

CNN is broke- they are trying to figure out how they pay it- their downhill spiral will continued

 

After the jury awarded $5 million in compensatory damages, CNN negotiated a settlement that included the punitive damages and they're probably nowhere close to $500 million.
Jury finds CNN committed defamation against Navy veteran, settlement reached on punitive damages

 

CNN is a wholly owned subsidiary of Warner Brother Discovery which has $3.5 billion in cash on hand. Even assuming that the network itself is losing money it has more than enough cash to pay the amount of the judgment. CNN itself is worth $2.3 billion not exactly good news considering that in 2021 the company was worth $4.4 billion.

 

As a business owner who at one time had 5 different corporations, there is no way WBD is going to take money from one Corp and pay the debts of another Corp. A wholly owned subsidiary has to stand on it's own- and usually you cannot bankrupt a company and get out of a legal settlement. Newsmax has passed CNN in viewership. They are hanging on by a thread

 

I was just thinking the other day, boy, that CNN is sure MAGA-friendly.

 

OAN should by it

 

According to an expert at the trial, they made $400 million in net income in 2023. So your claims of "hanging on by a thread" seem quite false.

 

You think a company with total revenue that is an order of magnitude less than CNN's net income and two orders of magnitude below their revenue could buy it?

 

I don't see them (CNN in particular) as an intentional enemy, but when they are notoriously one sided (voter registration data) it makes it hard for them to be objective.

I think any media that works from a biased perspective can be a defacto enemy.

We need a fact based/non opinionized media , but I fear we will never have that.

CNN at least I think has made an effort whereas MSNBC and FOX arent even pretending anymore.