A new corporate entity is about to take over CNN and some major changes could be coming to the failing network.
The top shareholder John Malone has said that he wants to see the network return to its true news roots with actual journalists.
Does this mean that some of the top people are on their way out? It certainly could.
BREAKING REPORT: CNN returning to a 100% news channel after Major Merger. A "good number" of the "talent/staff" WILL BE LET GO to align with their new mission… -Jon Nicosia DC Examiner
— Chuck Callesto (@ChuckCallesto) November 12, 2021
FABER: How about news John? Is there any place for news in a streaming world? You know, I obviously see it as part of this company but I don’t know how to view that. I would assume there’s any number of potential suitors for that property. Should Mr. Zaslav and the board decide that it really doesn’t fit.
MALONE: I would like to see CNN evolve back to the kind of journalism that it started with and, you know, actually have journalists which would be unique and refreshing. I think a coward’s way out would be to sell it or spin it off and then sell it, do it in some tax efficient way. There’s, there isn’t a lot of tax basis, David, in CNN so a straight sale would probably be a little bit leaky, let’s call it but doable. I do believe that good journalism could have a role in this future portfolio that Discovery, Time Warner is going to represent but, you know, I’m just one, one voice here.
Watch the video here:
"I would like to see CNN evolve back to the kind of journalism that it started with, and actually have journalists," claimed John Malone, the top shareholder of Discovery, which is poised to take over the network. pic.twitter.com/QnNhQwgBY0
— Mediaite (@Mediaite) November 19, 2021
Twitter user “Sandman” had the perfect response to the interview:
You have to completely clean house. They’re all activists and can’t just report the news only.
h/t American Lookout