CNN makes less money than before, but still a lot of money. What that gives us is time. At a certain point, that linear product may go to a direct consumer product. CNN was set up as a very siloed organization when I got here. That could be spun off. People wanted to. But everything that I've been instructed on how we're structuring the companies would thus suggest that there's no plans for it to be sold.
Chris Licht faces an uphill battle at CNN. He got the CEO gig in the midst of a prickly merger between Warner Bros. and Discovery and right after the shocking exit of beloved long-time boss, Jeff Zucker. In his first six months, he’s shut down CNN+, ousted Brian Stelter, and shuffled anchors around, including Don Lemon and Jake Tapper. This week, the network chief held an internal town hall meeting where he faced a staff of thousands and discussed upcoming layoffs. Shortly afterwards, he sat down with Kara — who grilled him, of course.
She asks Licht whether he has any real actual power or if he’s simply executing orders from Warner Bros. Discovery CEO David Zaslav — who is in search of cuts, as the company stares down the barrel at $50 billion in debt — and billionaire board member, John Malone, who has said he’d like to see more “centrist” programming from CNN. They discuss Licht’s vision for the newsroom, his plan to build trust with journalists who fear losing jobs, and how CNN will cover Donald Trump during the 2024 election.
Before the interview, Kara and Nayeema discuss the challenges facing journalism in an era of disinformation. Stay tuned for Kara’s closing rant on “citizen journalism” and Elon’s latest broadside against the press.
You can find Kara and Nayeema on Twitter @karaswisher and @nayeema.
Learn more about your ad choices. Visit podcastchoices.com/adchoices