NEW YORK POST: CNN’S JIM WALTON LIKELY TO BE OUSTED

CNN may finally be preparing to take direct action to deal with its hemorrhaging ratings, although it is unlikely to make any significant moves before the Nov. 6 elections, the New York Post reported today (Friday), citing several unnamed sources. The newspaper said that senior management is drawing up a short list of potential candidates […]

CNN U.S. HEAD JON KLEIN FIRED

After failing to halt an unrelenting exodus of viewers and taking a pummeling from cable news rivals, CNN U.S. President Jon Klein was fired today (Friday). The news was first reported by the TV news website FTV.com, which published a memo to staff from Jim Walton, president of CNN Worldwide, in which Klein’s departure was […]

LOW RATINGS AT CNN? NO MATTER. IT’S PROFITS STILL RISE

Despite numerous reports about its falling ratings in primetime, CNN’s profits rose to a historical high in 2009, and the cable news network is projecting profits for 2010 to rise even higher. As the National Journal reported on Saturday, CNN earns only about 10 percent of its revenue from domestic primetime programs, and it continues […]