Fox News vs CNN | CNN’s Rough Year | 5

Business Wars

Wondery

History, Business, David Brown, Management

4.6 • 13.2K Ratings

🗓️ 11 September 2024

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In 2023, CNN ousted CEO Chris Licht after just a year on the job. His goal was to restore CNN’s bipartisan credibility as the most trusted voice in news. But the plan backfired, leaving CNN scrambling to keep up with rivals Fox News and MSNBC. Dylan Byers, senior correspondent and founding partner at Puck, shares more on what happened that year, and what the future of CNN (and cable news as a whole) may look like.

Later, Elaine Low of The Ankler shares an update on the television industry at large, and what the legacy media networks are doing to survive in an era where streaming is king.

Also mentioned in this episode: The Battle for Paramount | Reinventing an Empire

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Transcript

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0:00.0	I'm David Brown and this is Business Wars. always. Remember when people would call and say,
0:32.5	turn on your TV whenever there was a major bit of breaking news,
0:36.1	a presidential announcement, some shocking tragedy, a political scandal.
0:40.2	Cable news channels were large and in charge.
0:44.0	Of course today that's not quite the case.
0:46.5	When news breaks we might scan the notification on our phone, head over to social media
0:51.2	or search the headlines on Google, because if someone did tell you to turn on your TV,
0:56.8	well, what would you even watch?
0:59.6	In 2024, the courts have been cut. Fewer than half of Americans still have a traditional cable
1:04.6	subscription. Streamers are the new normal, and cable networks are scrambling to stay relevant.
1:11.2	Whether they're succeeding, however, is another story. With rampant layoffs, buyouts,
1:16.0	and leadership shake-ups, it looks like the legacy networks are on life support.
1:20.0	Joining us to talk about the state of linear television is Elaine Lowe, a reporter at the entertainment trade publication The Ancler.
1:27.0	Elaine's been closely following the updates on the network side and will help us examine the future of TV in a post cable world.
1:34.7	But first we're zooming in on the state of cable news with Dylan Byers, founding partner
1:38.6	and senior correspondent with a digital news site Puck.
1:42.1	We're revisiting the news organization that well can't
1:44.8	seem to catch a break. CNN has at a turbulent couple of years. Former CEO
1:50.1	Jeff Zucker got the boot and was replaced by late night executive producer Chris Licked.
1:56.5	After several failed attempts to reestablish the network as the most trusted voice in TV news,
2:01.7	Licked was out after just over a year.
2:05.0	And CNN still isn't quite out of the woods either.
	...

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