Respect for CNN Falls

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Respect for CNN Falls

© pcrean / Flickr

Each year, the American Customer Satisfaction Index looks at consumer reactions to hundreds of brands across dozens of industries that range from food to cars to clothing. Its most recent study is called the “ACSI E-Business Study 2021-2022.”  A total of 5,499 people were surveyed from July 2021 to June 2022.

The study looked at customer satisfaction with online properties that include social media, search engines, and news sites. In the first section of the study, Pinterest ranked first, and Facebook ranked last.

The news category covered the online versions of Fox News, USA Today, HuffPo, NBC News, The New York Times, ABC News, and CNN.

[nativounit]

On a scale of 1 to 100, the average among all news sites was 73. This included data from a number of sites, some of which were not in the study. At the top of the list Fox News had a rating of 71, which slipped 1%.

At the far end of the grades for news sites, ABC News and CNN both had grades of 69. However, the rating was steady for ABC News when 2022 was compared with the previous year. CNN had the largest drop of the sites measured, by 3%.

[wallst_email_signup]

The reasons for CNN’s performance are simply guesses. Ratings plunged after the presidential election, but that happened at several other sites. Management at CNN, which calls itself “The Most Trusted Name in News,” was thrown out in February of this year. There was a scandal that centered around popular host Chris Cuomo, who was also fired. Perhaps CNN had too many challenges that have appeared in American media headlines.

[recirclink id=1072075]

Whatever the cause, CNN is locked in a battle for market share among global news organizations. Low customer satisfaction makes winning the battle harder.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618