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The Tug-of-War Over CNN Highlights The Extent to Which Broken American Journalism Truly Is.
This past Thursday night, while unconfirmed reports spread regarding a shooting at Brown University, CNN’s Kaitlan Collins used social media, highlighting the uncertainty and pointing viewers to her channel's 9pm newscast.
Even though the network is hardly a perfect news source, her message resonated to many. It is one of the outlets where one can locate grounded and generally dependable reporting – notably during fast-moving events like the one developing close to a New Hampshire storage facility.
A Vulnerable Position Amid a Business Tug-of-War
Yet the news network, now 45 years old, finds itself in a precarious position as two massive media empires battle over ownership of its corporate owner, Warner Bros Discovery.
No matter the result, the future of CNN has become part of a high-stakes game of corporate ownership, instead of as a question of what benefits the information-seeking public.
“Here is one more case of the profound systemic issues with origins in decades of policy decisions,” said Victor Pickard, writer of “Democracy Without Journalism?” and a academic specializing in media policy at the University of Pennsylvania.
The debate about the future owner of Warner Bros Discovery – is it going to be Netflix or Paramount Skydance? – overlooks a larger point.
“The narrative is crafted as a business story with powerful individuals as the protagonists, but there is hardly any discussion of the societal benefit,” Pickard explained.
A Further Factor: Donald Trump
This situation is made more complex by Donald Trump’s opinions about a network he has long portrayed as perhaps his chief “fake news” antagonist.
Remember the cries of “CNN sucks!” at the president’s rallies, his administration's retaliatory revocation of reporter Jim Acosta’s press credentials, or his sparring with Collins in press briefings.
Trump now says that CNN needs new ownership. You can read that as ownership that will insulate him from journalistic oversight. That is part of why he seems to favor Paramount Skydance, which has made a aggressive takeover attempt.
There is a basis to favor that bidder more. For one thing, it is run by David Ellison, son of the pro-Trump Larry Ellison, one of the world’s richest people.
Paramount, parent of CBS News, also recently appointed the conservative Bari Weiss, known for her “anti-woke” beliefs, as the top editor of that historic news network.
A Possibility of More Turmoil
It is important to note, if Netflix prevails, CNN and other cable outlets would first be spun off into a independent unit. Such a move could be a welcome development to many at the network, but it’s hardly a guarantee of stability. That structure could pave the way for CNN for another sale. There is no finish line.
If you ask Timothy Wu, a lot of this is illegal, anyway. The influential voice of big tech’s dominance wrote recently that competition laws should block both deals.
“Either merger would be harmful to the country, and both should be contested by anti-trust authorities,” Wu recently wrote.
The Core Issue and a Way Ahead
No matter the outcome with this particular battle, the underlying crisis endures.
“The present media landscape is a highly anti-democratic system, but we must resist the belief that change is impossible,” Pickard emphasized. Government actions – dating back to the 1930s and 1940s – helped to foster this overly commercial monster, and revised policy decisions can tackle it.
Can reform occur in an era where the Federal Communications Commission chair will not confirm that the agency is independent? Reform is a distant prospect now, but that should not imply it will never happen.
Policies that support independent news organizations, aid local journalism, finance public media, and outlaw the accumulation of media power in a handful of hands are within reach – they are essential for a robust democracy.
Regarding media ownership, larger is not superior. And news organizations such as CNN cannot be pawns in the most recent acquisition battle.
Kaitlin Hill
A seasoned casino strategist with over a decade of experience in roulette analysis and game theory, dedicated to helping players maximize their odds.
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