No doubt. The Democrats get their 40% even when their candidate has horns and a tail. Sometimes even when he's dead. My question is whether CNN can generate anything like the revenues it once did now that the audience for cable news is split along ideological lines. I don't see how they can. To hear this guy tell it, people who normally watch 'Friends' will stop their channel-flipper on a cable news show when they see the lovely and talented Paula Zahn interviewing some domehead from the Center For Peace. What planet did he just come from? That's why the Mindless Re-run Channel was started... to catch just those people.
I think CNN is trapped. MSNBC, in their desperation, already tried the idea of going whole-hog liberal. The mighty Phil Donahue went splat. Now they're coming the other way, trying to out-right Fox. CNN is caught between a rock and a place where there isn't actually a place. All they can really do is sit where they are, somewhat left of center, and accept whatever audience they get doing that. But it's never going to be what it was, back when they had the whole genre to themselves. It's going to be one cutback after another for those guys, until they get down to what they can really afford appealing to left-of-center news junkies.
As a footnote, I can only hope the broader entertainment market becomes as segmented as the cable news market. If entertainment content providers wake up en masse and say, "Hey, we can make a lot of money off of TV shows and movies that aren't anti-father, anti-family, anti-American, pro-liberal propaganda", it'll be a major victory in the culture war.