Could Jeff Zucker be Pushed Out at CNN?
There maybe be hope for what was once the proud cable news channel CNN.
As you know, AT&T is in the process of buying CNN's parent company Time Warner and when the deal is done, AT&T might kick CNN boss Jeff Zucker to the curb.
They won't say so officially, but they won't say otherwise either.
Variety writes that there have been recent whispers that AT&T brass could “neutralize” Zucker as part of the reorganization as CNN continues to clash with President Donald Trump, who has frequently railed against the network as “fake news.”
Before the election, Trump said that he would block the merger because it would give the company too much power. Since then, reports have surfaced that the administration is eyeing the deal as a possible point of leverage over CNN and Zucker. “If selling CNN would make regulators happy, they’ll sell it,” media research firm founder Craig Moffett told The New York Post earlier this year. “I can’t imagine AT&T would let CNN stand in the way of securing approval for the merger.”
On stage at Vanity Fair’s fourth-annual New Establishment Summit in Beverly Hills on Wednesday morning, AT&T C.E.O. Randall Stephenson carefully sidestepped the question of Zucker’s future at the network. “We’re paying a premium to get Time Warner, and when you pay a big premium, the priority is to not screw it up,” he said. “CNN’s doing quite well, and the priority is to keep management teams in place.” Still, he warned, when a deal of such magnitude goes through, “there will invariably be changes, but the hope is to keep the team in place.”
AT&T would be wise to kick Zucker to the curb and try and save CNN. But, the problem is that Zucker has tarnished CNN's image so badly, you wonder if it can be saved?
Stay tuned....