According to several sources, it appears that CNN’s profitability has now taken a serious dive along with its ratings in recent months.
As The Daily Caller reports:
CNN is on track to have its profitability below the $1 billion mark as the network’s ratings decline, sources familiar with the matter told The New York Times.
S&P Global Market projected that the network’s profit fell to $956.8 million this year, marking the first time its profitability has fallen below $1 billion since 2016, The New York Times reported. The network reportedly aimed to make a profit of $1.1 billion.
Another source said CNN President Chris Licht aimed for $950 million in profitability, which the network is on track to meet, according to the outlet.
CNN’s ratings have seen a significant drop in ratings in the past year, trailing both its main competitors, MSNBC and Fox News. The network has garnered an average viewership of 639,000 in prime time this quarter, dropping 27 percent in the current quarter compared to the previous year, according to the report.
SCOOP — CNN is on pace to dip below $1 billion in profit for the first time since 2016 amid crashing ratings, sources say:https://t.co/10Fw7iofrp
— Ben Mullin (@BenMullin) August 2, 2022
CNN ended its streaming service CNN+ after only a month due to low ratings.
All three of their viewers will be pleased.
I remember when CNN first hit the airwaves they lied. They got political and bought off. They have hit the skids and fallen on their faces. I haven`t watched CNN in a decade because of all the lies. They turned into useful idiots and no longer reporting the truth.
Chap 7 CNN Hooray
I can’t believe CNN makes that much. But I do know they and MSNBC have a lot of foreign viewers.
Are they still on?
Oh, the humanity!
yeah
Gee CNN has that many people who watch it? Almost as many as the Albania ukele band channel.
That is still a lot of money being made by a media outlet that no one can trust. It’s not like they are going to go away any time soon. (Rats)
I don’t even know anyone that watches that news or Dems station
CNN gets what they deserve after swallowing the dem & liberal points of view only and ignoring what has really been going on. Too bad our mainstream media has been hoaxed by the left. They are heading further South as even some dems are beginning to open their eyes…..
You would think they would do an all out push to get Trump re elected with rating like that
I hope CNN and all the rest goes out of business! They are nothing but dirty liars and deceivers!