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De Omnibus Dubitandum - Lux Veritas

Tuesday, November 19, 2024

Media Collapse is Inevitable, and it's a Good Morning in America! Part II

By Rich Kozlovich Tags:  Part I, , , ,

 

CNN has been tanking for years, it's continued existence is in question, and they're facing a major defamation fight with James O'Keefe they're most like to lose as the judge who ordered this case to be continued said:

"If you stay on the bench long enough, you see a lot of things. Still, I never thought I'd see a major news organization downplaying the importance of telling the truth in its broadcasts. But that is what CNN has done in this case."
 
If CNN had issued a retraction, which is what was originally asked of them, this could have been avoided, but they didn't because they deceived themselves into believing they could deliberately lie and get away with it by hiding behind the New York Time v. Sullivan decision, since actual malice is hard to prove, and it's long overdue for Sullivan to be overturned.

CNN has it's troubles, and the nation can smile.   At CNN they're going to chop hundreds, including network stars off the payroll.  

"If half the country has decided that Trump is qualified to be president, that means they're not reading any of this media, and we've lost this audience completely. A Trump victory means mainstream media is dead in its current form."..........The report cited Nielsen ratings for CNN, and also MSNBC, that revealed the networks' audiences have vanished. They're down by 40% or more. "Insiders told Puck the new round of firings will likely see on-air talent like them affected, as the network's new CEO looks to free up finances amid waning ratings," ............

In the midst of this Chris Wallace has decided to forego his seven million dollar a year salary in order to podcast.   Chris Wallace is leaving because "at 77, is eager to see what a transformed media environment has to offer, and neither he or his family want him to retire, and he wants more control over what he produces, which will be "unbiased".  Yeah right!  While I'm sure he's more than financially secure, it still comes down to this.  If he couldn't carry the freight at CNN, what makes him think he can carry the freight on his own.

Wallace, who CNN thinks is "one the the most respected political journalists int he news business" was hired at CNN to be their lead guy at CNN+ streaming service which lasted a month. 

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