[IWontSubmit]

CNN belongs to AT&T.
AT&T wants to do biz in China.

That is all.

[EasySt]

Yet they have long performed as an asset for China.

They want to do business here, too.

I think would be fitting that they be restricted to China, based on their enemedia agenda.

[Zhang Fei]

[CNN belongs to AT&T.
AT&T wants to do biz in China.

That is all. ]

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Any news publication/channel that does business in China is gonna have a conflict. Bloomberg rents out financial data terminals in China at $22K a terminal per month. It’s 1% of Bloomberg’s revenues, but a potentially fast-growing market. In addition, having been thwarted in many ways while mayor, Bloomberg may envy the regime’s powers.

CNN’s issue is the same as that of any other news organization with TV/movie production studios. They want to sell content into the third biggest content market (in dollar terms) outside of the US and the EU. Ticket sales for Hollywood movies were $2.6b in China vs $1.1b in Japan. Then there’s streaming and broadcast rights.

https://www.hollywoodreporter.com/news/china-box-office-slow-growth-marks-new-normal-1267762
https://www.hollywoodreporter.com/news/japans-box-office-hit-all-time-high-2019-1274000

Perhaps it’s time to re-institute ownership restrictions for media companies just to deal with the China problem. The traditional media companies like McClatchy, Gannett and the New York Times, ironically, have no conflict in this respect - they don’t sell into China, because the Chinese rip off their content without attribution. It’s time that any business organizations with financial interests in foreign countries beyond a certain threshold were made to divest their news divisions.