No. People have no idea how CNN makes it’s money.
Nearly half of it’s revenue comes from carriage fees, which is currently about $1 per month or $12 per year from eveyr cable and satellite subscriber. Of which there are 90 million...so do the math...that’s $1.092 billion in revenue every year for just showing up.
Ratings aren’t a factor, they get this money regardless. It’s quite a nice gig considering fewer than 1 million watch CNN yet 90 million pay for it.
Cut the cord? Sure, about 1 million did last year. So that’s $12 million they didn’t get, vs the 1 billion they did.
I get tired of explaining this over and over and over...
Yeah, I’d get tired, too, especially when it comes time for the cable networks to renegotiate their contracts. Ratings do matter, especially at contract renewal time. If they’re raking in a constant stream of cash, why are they letting 300 workers go? Your position only holds water for a period equal to the contact life, and that’s starting to run out on CNN and then the ratings come home to roost.