Only hundreds?
Too bad it isn't more.
'Disgraced, Far-left CNN to Lay off Hundreds as Viewership Collapses'
<https://www.breitbart.com/the-media/2025/01/23/nolte-disgraced-far-left-cnn-to-lay-off-hundreds-as-viewership-collapses/>
'CNN, a far-left propaganda outlet that spreads conspiracy theories and political violence, is set to lay off hundreds, according to various
reports that have me so excited I’m having to call my doctor every four hours.
“CNN is reportedly set to lay off ‘hundreds’ of employees in the early days of President Trump’s second administration,” reports Fox Business. “CEO Mark Thompson will announce to his staff about the network cuts on Thursday[.]”
Naturally, over at CNN, the rich stay rich: Per CNBC, these layoffs “won’t affect CNN’s most recognizable names, who are under contract.”
Gee, Jake Tapper could do a lot of good if he were willing to contribute
just half of his reported annual $7 million salary to save those jobs.
But he won’t because he loves the troops.
The layoffs come as CNN is rearranging its linear TV lineup and building
out digital subscription products. The cuts will help CNN lower
production costs and consolidate teams, said the people, who spoke on
the condition of anonymity to discuss nonpublic changes.
Certain shows that are produced in New York or Washington may move to Atlanta, where production can be done more cheaply, said the people.
Back to Atlanta, you go.
As Breitbart News reported previously, if you wanted to buy CNN in 2021,
it would’ve cost you $4.4 billion. Today, you can buy the fake outlet
for about half that: $2.3 billion.
Why?
The primary reason is a drop in gross revenue of $400 million over a
mere three years. In 2021, CNN grossed $2.2 billion. In 2023, that
number dropped to $1.8 billion. In that same period, CNN’s profits sunk from $600 million to $400 million.
CNN is dying.
Tee hee.
CNN’s reputation is a national punchline.
CNN’s ratings are worse than any of us thought possible.
CNN just lost a brutal defamation case.
CNN would have seized up and died years ago in a media world built on
merit. The only thing that has kept CNN alive is the affirmative action
of cable/satellite TV carriage fees. About 57 million suckers still pay
for cable, and almost every one of those suckers — even though they
don’t watch CNN — directly pays CNN about $1 a month out of their cable bill. That’s $57 million a month in free money from people who don’t
even tune in. How sweet is that? You’re talking around $600 million a
year in income that has nothing to do with merit.
Ten years ago, 100 million subscribed to cable, so CNN was skimming over
$1 billion per year.
So do the math…
If CNN is making a net profit of $400 million per year, where would CNN
be without that $600 million in cable TV affirmative action?
Where it deserves to be: bankrupt.
So, as millions cut the cable cord every year, CNN loses millions in
free money. Most of these cord-cutters move to streaming where there are
no carriage fees. This means that CNN will eventually be doomed to the
lowly status of a free add-on no one watches on the Max streaming
service.
CNN is simply too disgraced, too hated, and too ignored to survive on
merit, which is ad revenue based on viewership numbers. Catheter
companies only have so much available in their advertising budgets.
For over a decade I’ve been predicting and reporting on this
inevitability. Seeing it finally come to fruition… Well, I better call
my doctor.
To those of you who hate us getting laid off, allow me to offer an olive branch'
<https://www.codecademy.com/>
On 1/23/2025 10:21 AM, John Smyth wrote:
Only hundreds?
Too bad it isn't more.
'Disgraced, Far-left CNN to Lay off Hundreds as Viewership Collapses'
<https://www.breitbart.com/the-media/2025/01/23/nolte-disgraced-far-left-cnn-to-lay-off-hundreds-as-viewership-collapses/>
'CNN, a far-left propaganda outlet that spreads conspiracy theories and
political violence, is set to lay off hundreds, according to various
reports that have me so excited I’m having to call my doctor every four
hours.
“CNN is reportedly set to lay off ‘hundreds’ of employees in the early >> days of President Trump’s second administration,” reports Fox Business. >> “CEO Mark Thompson will announce to his staff about the network cuts on
Thursday[.]”
Naturally, over at CNN, the rich stay rich: Per CNBC, these layoffs
“won’t affect CNN’s most recognizable names, who are under contract.”
Gee, Jake Tapper could do a lot of good if he were willing to contribute
just half of his reported annual $7 million salary to save those jobs.
But he won’t because he loves the troops.
The layoffs come as CNN is rearranging its linear TV lineup and building
out digital subscription products. The cuts will help CNN lower
production costs and consolidate teams, said the people, who spoke on
the condition of anonymity to discuss nonpublic changes.
Certain shows that are produced in New York or Washington may move to
Atlanta, where production can be done more cheaply, said the people.
Back to Atlanta, you go.
As Breitbart News reported previously, if you wanted to buy CNN in 2021,
it would’ve cost you $4.4 billion. Today, you can buy the fake outlet
for about half that: $2.3 billion.
Why?
The primary reason is a drop in gross revenue of $400 million over a
mere three years. In 2021, CNN grossed $2.2 billion. In 2023, that
number dropped to $1.8 billion. In that same period, CNN’s profits sunk
from $600 million to $400 million.
CNN is dying.
Tee hee.
CNN’s reputation is a national punchline.
CNN’s ratings are worse than any of us thought possible.
CNN just lost a brutal defamation case.
CNN would have seized up and died years ago in a media world built on
merit. The only thing that has kept CNN alive is the affirmative action
of cable/satellite TV carriage fees. About 57 million suckers still pay
for cable, and almost every one of those suckers — even though they
don’t watch CNN — directly pays CNN about $1 a month out of their cable >> bill. That’s $57 million a month in free money from people who don’t
even tune in. How sweet is that? You’re talking around $600 million a
year in income that has nothing to do with merit.
Ten years ago, 100 million subscribed to cable, so CNN was skimming over
$1 billion per year.
So do the math…
If CNN is making a net profit of $400 million per year, where would CNN
be without that $600 million in cable TV affirmative action?
Where it deserves to be: bankrupt.
So, as millions cut the cable cord every year, CNN loses millions in
free money. Most of these cord-cutters move to streaming where there are
no carriage fees. This means that CNN will eventually be doomed to the
lowly status of a free add-on no one watches on the Max streaming
service.
CNN is simply too disgraced, too hated, and too ignored to survive on
merit, which is ad revenue based on viewership numbers. Catheter
companies only have so much available in their advertising budgets.
For over a decade I’ve been predicting and reporting on this
inevitability. Seeing it finally come to fruition… Well, I better call
my doctor.
To those of you who hate us getting laid off, allow me to offer an olive
branch'
<https://www.codecademy.com/>
The cherry on top is Jim Acosta is losing his 10am slot; apparently in
talks to move to a new role. Maybe he can help load moving vans, or do
Jake Tapper's laundry.
On 1/23/2025 10:21 AM, John Smyth wrote:
Only hundreds?
Too bad it isn't more.
'Disgraced, Far-left CNN to Lay off Hundreds as Viewership Collapses'
<https://www.breitbart.com/the-media/2025/01/23/nolte-disgraced-far-left-cnn-to-lay-off-hundreds-as-viewership-collapses/>
'CNN, a far-left propaganda outlet that spreads conspiracy theories and
political violence, is set to lay off hundreds, according to various
reports that have me so excited I’m having to call my doctor every four
hours.
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