AT&T CEO Randall Stephenson is looking pretty smart right now for refusing to sell off CNN to ensure the Department of Justice approved AT&T’s $85 billion purchase of Time Warner. The cable news network is bringing in on average 700,000 viewers a day, more than any other time in the past 25 years, according to Vanity Fair. And CNN is projected to turn a $1.2 billion profit on $2.5 billion in revenue this year, making it the most profitable year ever, the magazine says.
Anyone who thought AT&T might tried to muzzle CNN’s hard-hitting reporting about President Trump was wrong. This article details the challenges CNN anchors face with trying to have both sides of the political spectrum while conducting real-time fact checking at the same time. In some cases, guests have almost come to blows, according to the article.
While CNN has enjoyed the strongest ratings ever, the price it has had to pay is being a constant target of threats, such as the pipe bomb sent to its offices last week. Regardless, CNN head Jeff Zucker isn’t backing down.