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CNN facing identity crisis after firings, low ratings – and new talent not a priority: ‘Don’t have the money’
NY Post ^ | 3/22/24 | Ian Mohr

Posted on 03/23/2024 6:21:43 AM PDT by Libloather

Former CNN CEO Chris Licht was spotted during Oscars week seemingly without a care in the world at the San Vicente Bungalows, Hollywood’s starriest private club.

The ousted news exec was seen solo in the corner of the Los Angeles club’s private open air library, texting away on his phone with his feet up.

Maybe Licht’s had the last laugh after all?

The self-proclaimed “most trusted name in news” is fighting an uphill battle to remain relevant two years after Discovery took it over, sources tell us.

Anderson Cooper remains as the network’s only primetime star after CNN axed Chris Cuomo, and moved Don Lemon to mornings — only to then fire him last year under Licht’s watch, before Licht was shown the door.

Insiders at the network today feel talent has become an afterthought, after former New York Times and BBC honcho Mark Thompson took the helm in October, following Licht’s catastrophic 13-month stint as its leader.

In an effort to boost ratings, presumably, CNN oddly invited fired Lemon back to promote his interview with Elon Musk.

(Excerpt) Read more at pagesix.com ...


TOPICS: Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: cnn; crisis; money; talent
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To: Libloather

All failing businesses follow in the same pattern of death spiral. The product proves to be not acceptable competitively with the rest of the market, leading to reduced revenue. Reduced revenue flow, means contractions in assets, most often the best of those assets goes first. With the diminished resources, comes fewer and fewer clients to buoy up the cash flow, and the contraction continues. Finally the liquidation comes, and what remains is sold off at auction, bringing in perhaps even less than the remaining liabilities, which then are simply written off a cost of doing business with enterprises of uncertain sustainability.

Economics in the free market can be a cruel and deadly factor, but winners and losers are rather quickly determined. Capitalism has rules that are defied only at great personal risk.


21 posted on 03/23/2024 7:01:01 AM PDT by alloysteel (Most people slog through life without ever knowing the wonders of true insanity.)
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To: Libloather

If this is true then Elon should find a covert way to buy it. Within 2 months it would beat FNC and MSNBC combined.


22 posted on 03/23/2024 7:02:01 AM PDT by gibsonguy
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To: Libloather

CNN’s Smerconish is entertaining... it’s all down from there...


23 posted on 03/23/2024 7:04:06 AM PDT by GOPJ
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To: Libloather
Sounds like CNN is having a bloodbath....
24 posted on 03/23/2024 7:06:39 AM PDT by newfreep ("There is no race problem...just a problem race")
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To: Libloather

Maybe if they were a news agency and not a propaganda agency they might survive.


25 posted on 03/23/2024 7:20:28 AM PDT by George J. Jetso
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To: Dutch Boy
I wonder what would happen if they hired unknown people to just read the news?

Or if they used an AI spokesbot.
26 posted on 03/23/2024 7:25:04 AM PDT by Colinsky
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To: Libloather

‘Talent’ and ‘content’. What talent did CNN ever have? Chris Cuomo and Don Lemon?! Back in the day I remember Bernard Shaw, he seemed good. But the last ten years? And Content? Try not going hard left on everything and just giving straight news. Talent will rise and maybe even a few viewers would come too.


27 posted on 03/23/2024 7:26:23 AM PDT by Rummyfan (In any war between the civilized man and the savage, support the civilized man.c)
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To: Libloather

CNN is just background noise so you don’t hear the mechanics pounding on the airplanes with hammers at the airport.


28 posted on 03/23/2024 7:37:35 AM PDT by FlingWingFlyer (Could a "caravan" of freeloading U.S. citizens be able to make it into Mexico before they are shot?)
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To: GOPJ

Smerconish is unwatchable if you know his history. The ALL TIME weathervane who will whore himself as necessary. Used to be a conservative. Morphed to an Obama/Clinton/Biden voter. I won’t watch him.


29 posted on 03/23/2024 7:54:08 AM PDT by LeonardFMason
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To: Libloather

Hire Coulter, Owens, Crowley, and Herridge and create their own version of The View. Would be the best show on TV.


30 posted on 03/23/2024 7:58:05 AM PDT by EQAndyBuzz (If it's Boeing, I ain't going!)
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To: Libloather

What really killed them was losing the airport captive audience contracts.


31 posted on 03/23/2024 8:03:32 AM PDT by Salman (It's not a slippery slope if it was part of the program all along. )
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To: George J. Jetso

They’d be better if they were just news, but unless something important is happening, people only watch a half-hour or at most an hour of news each night. It was the propaganda that gave CNN a loyal audience that stayed tuned in.

When I had cable, Chris Cuomo was on CNN and Andrew Cuomo was governor of New York, so there were always commercials for New York state economic development and tourism. Maybe when the Cuomos went they took a big chunk of advertising revenue with them.


32 posted on 03/23/2024 8:04:04 AM PDT by x
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To: LeonardFMason

Hard to believe he was ever a conservative. Thanks for sharing...


33 posted on 03/23/2024 8:07:07 AM PDT by GOPJ
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To: Leaning Right

Yep. As usual, when things don’t go well for lefties they also point to the wrong thing. Usually, they’ll say “our *messaging* needs refinement”, they don’t consider the *policy* surrounding it. Same here, it’s not the *talent*, is the *format*. Engaging in ‘gotcha’ politics toward one side of the aisle is separate from whom engages in it. Replace them all you want, the fundamentals are the same.

They really believe we’re all stupid and, with the ‘right talent’, will just believe what we’re told.


34 posted on 03/23/2024 8:14:22 AM PDT by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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To: Libloather
Hey, anybody want to drop in on Hollywood’s starriest private club???

Or would it be easier just to guzzle Ipecac?

35 posted on 03/23/2024 8:17:28 AM PDT by Savage Beast (Pray for the Enlightenment of the Democrats.)
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To: Jonty30

No one is believing the lib BS. David Carlucci, Dem Strategist, was on Newsmax this am. He was asked about the Afghanistan withdraw and blamed, Biden, Trump, and Bush....never mentioned Obozo. Surprised he did not mention Jesus Christ. Who in the hell wants to listen to Lib nonsense, ergo, goodbye CNN.


36 posted on 03/23/2024 8:19:21 AM PDT by chopperk (s to )
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To: Libloather

They can easily turn the slump around by being pro America, pro citizens, HONEST and being fair and balance….also getting rid of those anti American POS hosts who are the DNC rats mouth 24/7. I guarantee you in a month’s worth they would shoot up to number one slaying fox, and Newsmax! That’s all the fairy dust they need.


37 posted on 03/23/2024 8:22:04 AM PDT by RoseofTexas
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To: SharpRightTurn

They should take consolation in the fact that, when they did have money to hire “talent,” that didn’t result in ratings. So they’re no worse off poor than when they were rich


38 posted on 03/23/2024 8:32:02 AM PDT by j.havenfarm (23 years on Free Republic, 12/10/23! More than 8,000 replies and still not shutting up!)
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To: Libloather

Good. Fire them all.


39 posted on 03/23/2024 9:15:17 AM PDT by boycott
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Hey, let all the illegal aliens watch CNN…give them a big screen tv a,ing with their other handouts…


40 posted on 03/23/2024 9:21:06 AM PDT by TnTnTn
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