Numerous rumors are declaring that a new corporate entity is about to take over CNN and some major changes could be coming to the failing network.
John Malone, a top shareholder in the company has said that he wants to see the network return to its true news roots with actual journalists.
Does this mean we’ll finally get to see dozens of unwanted public personalities ditched from the network?
I most certainly hope so!
FABER: How about news John? Is there any place for news in a streaming world? You know, I obviously see it as part of this company but I don’t know how to view that. I would assume there’s any number of potential suitors for that property. Should Mr. Zaslav and the board decide that it really doesn’t fit?
MALONE: I would like to see CNN evolve back to the kind of journalism that it started with and, you know, actually have journalists which would be unique and refreshing. I think a coward’s way out would be to sell it or spin it off and then sell it, do it in some tax-efficient way. There’s, there isn’t a lot of tax basis, David, in CNN so a straight sale would probably be a little bit leaky, let’s call it but doable. I do believe that good journalism could have a role in this future portfolio that Discovery, Time Warner is going to represent but, you know, I’m just one, one voice here.