CNN announced today it will shutter its all-business cable news channel, CNNfn, even though the channel made a profit for the first time last year in its nine-year history. The story, broken by the Associated Press, suggests part of the reason was the loss of some distribution in the U.S. market. Meanwhile, News Corp., owner of the Fox brand, is apparently mulling over the idea of starting up its own all-business news channel. Fox News, of course, also has the story about CNNfn's demise.
The memo from a senior CNN boss to employees is online.
The AP story suggests that CNN also has some changes in mind for Headline News (perhaps that's why I saw HN's prime-time anchor Rudi Bakhtiar reporting from Washington on CNN the other day. hmm.), a cable channel which is licensed for distribution in Canada.
Neither CNNfn nor Fox News are, so far, licensed for distribution on Canadian cable or satellite distribution systems.
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Who pays for this blog? I receive no fees, considerations, etc. etc. for the posts on this blog nor do I have any plans to accept any. My salary is paid by Canwest Global Communications Corp. I work for that company as the Ottawa-based National Affairs Correspondent for Canwest News Service. The blog publishing platform used here is called Blogware and it's developed by Tucows Inc. of Toronto, Ontario, Canada. My use of Blogware should not be taken as an endorsement of that company. Like all Blogware users, I do not pay any fees for the use of this service. I participate in program. Google pays me some money and, for that, I give Google some space on this site to display ads. Google sells those ads and Google, not me, decides what advertising content you are seeing. I do not filter these ads and take no responsibility for them. Readers should not assume I endorse any of the products or services advertised here. If you think other disclosures are appropriate in this space, I'd like to hear from you. All of my contact details are always at www.davidakin.com You can read more about this section |
So long CNNfn, here in Canada, we never knew you ...
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