BY Richard Moorhead, The Western JournalJune 30, 2023
1 year ago
 | June 30, 2023
1 year ago

CNN Set to Make Desperate Move as Viewership Plunges: Report

CNN appears set to make a business move that would address its ratings struggles.

The parent company of the corporate media network is planning to place live CNN news content on its streaming service Max, according to Bloomberg.

The move by the parent company, Warner Bros. Discovery Inc., could change the cable news landscape.

The services of cable providers could be bypassed entirely under the agreement -- with viewers of CNN able to watch the network's content on the streaming service Max.

CNN's first foray into a streaming service ended in disaster -- with the network's executives canning its CNN+ component just a month after its launch.

The move to offer the liberal network to Max subscribers comes as CNN incurs a decline in its audiences, according to Bloomberg.

Corporate executives are eyeing several formats in which CNN content would be broadcast on the service. Discovery could face legal challenges from cable providers in doing so.

Cable subscribers who access CNN have numbered 70 million this year -- a marked decline from the 85 million subscribers CNN had in 2020, Bloomberg reported, citing S&P Global Market Intelligence figures.

The CEO of the company, Chris Licht -- installed at the behest of parent company Discovery -- was fired from his position earlier this month.

Licht had sought to rebrand CNN away from its association with the Democratic Party, going so far as to schedule a town hall event with former President Donald Trump that roused the ire of many of the channel's left-wing employees.

CNN's ratings have under-performed its cable news competitors in the aftermath of Trump's presidency -- even falling behind progressive news channel MSNBC.

CNN's audience in the crucial 25-54 age demographic fell below that of its liberal rival in the second quarter of 2023, according to a release from MSNBC.

The network's troubles have even spurred rumors that it could be sold.

Former CEO Jeff Zucker is interested in purchasing the entity if the speculation is correct, according to the New York Post.

This article appeared originally on The Western Journal.

Written by: Richard Moorhead, The Western Journal



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