Rising Hegemon
CNN is failing because CNN sucks. It doesn’t fill its daylight hours with hard-hitting reporting from far-flung locales, it fills it with Wolf Blitzer sputtering softballs at politicians followed by shouting partisans (from both sides!) having idiotic arguments. For hours.
3 comments:
CNN has largely been on a mission of self-destruction for years now, but, at the heart of it was Wall Street's demands for higher returns on investment. It was a number of years ago that they were told they had to improve returns, and the example given was that Fox News' annual expenditures (ostensibly to do the news) were ~ $660 million/yr, while CNN's were $930 million/yr. So, the recommendation was that CNN begin closing foreign bureaus, reducing its international news operations, and filling air time with much cheaper in-studio "news," which is exactly what Fox does.
So, at the insistence of investors, in order to become as profitable as the competition, they had to become more like the competition, which is one of the reasons why they've been cutting back on hard news reporting and depending more on recent blowhard hires such as Erick Erickson and Dana Loesch.
Can't have a race to the bottom without willing runners.
well, the have been trying to ME TOO! fux gnews. THE had glen beckkk FIRST!
and wolfie should have been put down after his jeopardy appearance.
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