CNN began a long-expected round of layoffs on Wednesday as president Chris Licht and other executives at WarnerBros. Discovery trim costs at the struggling cable news network.
Licht informed CNN employees of the cuts in a memo and acknowledged “it will be a difficult time for everyone” at the company.
Sam Bankman-Fried, the embattled CEO of failed cryptocurrency exchange FTX, was a massive donor to the Democratic Party. But you wouldn’t know it from the reporting on the big three broadcast networks (ABC, CBS, and NBC), who have so far almost completely hidden that salient detail from their audiences.
Their rash response to the missile strike in Poland was reckless in the extreme.
There’s truth to the old adage about ‘the fog of war’. It really is difficult to grasp what is happening in the midst of a conflict. There is too much in play. Too much movement and action. It makes it difficult to see clearly. To make claims about what is happening in any given moment, with any degree of certainty, is often impossible. So anyone doing so should probably be treated with a fair bit of scepticism.
Watching the overpaid, blow-dried hoaxsters who run the corporate media haplessly attempt to frame Republicans for whatever happened to Paul Pelosi last week is like watching Lou Costello parallel park.
It has now been a week since Elon Musk took over Twitter, and the wailing and gnashing of teeth is still audible across the legacy media landscape. In one sense, that’s rather shocking: Why, precisely, should members of the media be so apoplectic about a billionaire taking over a social media company from other millionaires, pledging to loosen restrictions on dissemination of speech? In another sense, the outrage is perfectly predictable: The legacy media oligopoly is now under threat.
In both a memo to staff and a story about the network on CNBC.com, CNN boss Chris Licht marked six months this week with the struggling liberal network by announcing he’s been tasked with cost cuts and layoffs as, according to CNBC, CNN’s profit “is set to drop blow $1 billion this year” and Warner Bros. Discovery is aiming to layoff 1,000 people from its 40,000-workforce.
In objectively welcome news, CNBC also revealed Licht will continue to move CNN back toward reality and away from what Licht called “the quick sugar high of ratings and outrage.”
The media apparently has no bottom in the free fall from its golden days decades ago.
The latest sign: Gallup today revealed that the percentage of Americans who have “no trust” in journalism outpaces a “great deal/fair amount” for the first time ever.
“Just 7% of Americans have ‘a great deal’ of trust and confidence in the media, and 27% have ‘a fair amount,” said Gallup in dishing up the depressing news for media outlets.
The network moves on from its embarrassing partisan past, but can he?
Don Lemon is a dinosaur at CNN — and it shows.
Thanks to the network’s new CEO Chris Licht, who seems to be driven by the radical notion that gaining viewers is more important than virtue-signaling, the pendulum has shifted. There have been small glimpses of CNN’s move back to more straight-news-style programming.
Another day, another spasm of violence in Philadelphia, a major city where George Soros spent $1.7 million to elect far-left Democrat District Attorney Larry Krasner. Yet, typically, the networks on Tuesday night and Wednesday morning mostly ignored the shooting of five teenagers at a local Philadelphia high school.
The scandal around Patricia Schlesinger, former head of Berlin-based broadcaster RBB, has refocused attention on Germany’s complicated network of public broadcasters. Here’s how they’re organized.
It’s much worse than the pic shows. Canada seems bent on a similar set up.
But there are indeed a relatively large number of public broadcasters in Germany, including 21 TV channels and as many as 83 radio stations, funded mainly through the Rundfunkbeitrag levy (literally “broadcast contribution”). Currently set at €18.36 ($18.83) per month, each household in Germany is obliged to pay this fee, which brings in over €8 billion a year. While Deutsche Welle is also publicly funded, its budget comes directly from the federal government, rather than the Rundfunkbeitrag.
It’s an interesting read. Attempts to defund Germany’s media octopus have been dismissed as populist by “journalists.”
From the article: Far-right populists have been targeting public broadcasters
Above, a British police officer works to keep the vibrancy from getting out of hand in Leicester.
One of the frequent themes of this blog is that the news media exist primarily not to report the news, but to manage the Narrative. This from the BBC is a perfect example:
Police and community leaders have called for calm after large numbers of people became involved in disorder in parts of East Leicester.
There are no real journalists in America’s major newsrooms.
Late Tuesday, the Washington Free Beacon broke the explosive story that Igor Danchenko, the Russian analyst who lied to the FBI about his role in creating the discredited Steele dossier, stayed on the FBI payroll as a confidential informant until just before the 2020 election.