Now it is a 2 to 1 blow out for Fox.
CNN gets $3.00 a year for every cable subscriber that can get CNN on their cable. Fox gets nothing. When the current contract is up in about 3 years, Fox is going to demand the $3.00 a year and they are going to take the money from CNN and give it to Fox.
PLus the advertising revenues are already better for FOX than CNN.
When the 3 bucks per subsriber goes away, CNN will be in big red ink territory. Time Warner may very well sell them. I would not be surprised to see Clear Channel buy CNN or perhaps they would change the format to some form of entertainment. But they will not make it in news the way they are currently run.
They will have to figure it out. They must go more to the right or lose it all.
Do you know that DISNEY owns the Sean Hannity show?
How can that be you ask? Why would the Peter Jennings people start and run the Sean Hannity show? It is pretty simple... they need the money.