CNN Is Doomed

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By Douglas A. McIntyre Published
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CNN Is Doomed

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Without a permanent leader, CNN announced a new lineup of shows. Most industry experts said the lineup will not matter. CNN has lost its edge, particularly to MSNBC and Fox, and some old faces, plus a few new ones on new shows, will not draw new viewers. (These world powers have the least and most press freedom.)
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One industry watcher gave The New York Post a comment that matches the industry sentiment. “Saw the line up. Ehhh. Totally dull. Will make zero difference.”
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The new lineup is a mix of new faces and old. Anderson Cooper keeps his job. Christiane Amanpour remains, as does Chris Wallace. These have loyal followings. The new lineup is based on the guess that anchors few people know will draw more viewers.

Nielsen shows that, in July, CNN had an average of 470,000 viewers. Fox had 1.2 million, and MSNBC had 812,000. Fox has held its lead for so long almost no one can remember a time when it was not in first place.
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What will likely be a failed attempt puts more pressure on parent Warner Bros. Discovery. Earnings at CNN, which is led by industry veteran David Zaslav, are critical to building a new company out of two merged entities. S&P predicts CNN will have only $957 million in profits this year. The number has not been so low since 2016.
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CNN has not posted a lineup that will help it. In fact, there are enough new faces in new places that the chances of its success are very small.

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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.

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