TVNewser Show TVSpy LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Perspective: Despite Struggles, CNN And ‘Today’ Remain Cash Cows

The Daily Beast’s Daniel Gross writes about the finances of TV news, and notes that despite the onslaught of negative publicity in recent months, both CNN and NBC’s “Today” remain cash cows for their respective companies.

Only in the media business can two enterprises that, combined, funnel somewhere near $1 billion in profits to their corporate parents, be regarded as sinking ships, failures, and debacles.

Elsewhere, the always acerbic Michael Wolff writes about CNN for The Guardian:

Except that, with no credit owed Time Warner, Fox managed to redefine the television news business in a way that made CNN necessary. CNN was needed however, not for its talent and originality, but in a sense for the opposite. Cable systems that carried the fiery Fox News, had, in the interest of peace and well-being, to carry CNN (and pay CNN’s considerable premium for carrying it) – or, carrying the neutral and respectable CNN allowed it to carry its antithesis. CNN’s lack of self-definition, its fundamental inertia and static brand, increasingly worked for it.

It succeeded by not doing anything – even, by not succeeding.

Mediabistro Event

TVNewser Show Coming to NYC on April 29!

TVNewser ShowThe TVNewser Show Seminar & Media Job Fair will explore the way TV business and technologies are changing through informative panels and discussions with industry experts. Attendees will also have the opportunity to network with other like-minded professionals at the event's exclusive media job fair. Register before midnight on April 28 to save on on-site pricing!