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hey this is ATT we are talking about(CNN's parent owner), they paid $85B for Warner bros in 2018, and really haven't seen much a return on their investment with
by subsubzero 4y ago
hey this is ATT we are talking about(CNN's parent owner), they paid $85B for Warner bros in 2018, and really haven't seen much a return on their investment with Game of Thrones winding down, the new matrix movie being horrible, and then spun it off for half its value ($43B). Lets then look into directv the other dud that ATT bought for $67B and spun it off a few years later into a $16.25B standalone company. For those who are keeping count thats $92B lost in the matter of a few years which is astonishing!
CNN itself is a deeply troubled network, its old CEO(Zucker) had to step down due to sleeping around with a direct report, Chris Cuomo (a cnn exec)was fired for helping out his brother(the Gov. of NY) escape sexual assault allegations, another top CNN producer(John Griffin) was arrested(and fired) on child molestation charges. In addition to all that the viewership is sinking like a rock so its not surprising that CNN+ was dropped so quickly.
- deleted 4y ago[deleted]