Can't Blame Them For That
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AT&T is in the process of trying to buy Time Warner, and now word comes that they may sell off CNN after the deal goes through.
You can't really blame them, can you?
At one point CNN was the crown jewel of cable news. They covered the story fairly, objectively and as well as anyone.
Now, CNN is the punchline of a joke.
The idea that AT&T would not want to be tied with CNN, is like saying AT&T would not want to be tied to TMZ.
Funny thing.... Time Warner owns TMZ as well and AT&T is also looking at dumping that property as well.
It's sad that AT&T is happy to keep the Cartoon Network, but wants to shed CNN.
Deadline writes that CBS has long had its eye on CNN. The broadcast company’s CEO, Les Moonves, said at Herb Allen’s Sun Valley retreat last month that he would be interested if the cable news network became available. Neither CBS or AT&T would comment.
The problem, CNN is no longer the network that Moonves first coveted. CNN president Jeff Zucker has turned it into a a liberal laughing stock. If CBS ended up buying it, more than likely they would have to blow it up and start over.
Also, Deadline adds, Moonves might have to work to sell CBS shareholders on the merits of buying a cable channel. The business is widely seen as in decline as pay TV subscriptions decline.
We think the decline of their integrity also hurts the once proud network.
