XPost: alt.politics.clinton, alt.politics.democrats, alt.news-media
XPost: misc.survivalism
From: hunterbiden@gmail.com

The media giant CNN has filed for bankruptcy as of April 1,
2021. Many analysts have pinned the bankruptcy on the Trump
Administration’s loss and the introduction of a relatively
charismatic president. CNN’s parent company, AT&T, suffered a
fatal blow as a result of the news.

CNN announced the news after consistently losing viewership on
both their broadcast channel and website. The losses from its
two main sources resulted in its bankruptcy. According to a Pew
Research study, “CNN lost 85 percent of its broadcast viewership
as well as 78 percent of its web viewers after Nov 11.”

Executives at the company attempted to combat the declining
viewership through numerous strategies, but they were unable to
bring back viewership to its original numbers. CNN’s own
analysts attempted to wrangle with the issue, but attempts
proved to be futile.

“We tried to take a 360 degree view around us and tried a
variety of strategies, ranging from publishing positive stories
to publishing more negative ones than others, but we ended right
back where we were,” Anderson Cooper, host of Anderson Cooper
360 said.

Many employees credited the bankruptcy to difficulty with
procuring media content regarding the presidency.

“It became very hard to find good Trump quotes after the
election, and there’s obviously nothing wrong with Biden, so
this transfer of power really hurt our newspaper,” Barry Jones,
an opinion columnist for the newspaper, said.

CNN did attempt to reach out to the U.S. government in the hopes
of getting a bailout so that they would be able to keep their
employees working until after the pandemic. However at the time
the Trump Administration dismissed it as “fake news.”

Investors were disappointed with the newspaper, and, following
the results of the election, sold much of their holdings in the
company, resulting in the stock’s meltdown.

“I just didn’t feel that CNN had much left to give,” Ronald
Biggums, an investor for Bank of America, said. “I took a look
at the front page showing the smiling face of Joe Biden as
compared to Trump’s frown just made me lose all hope.”

CNN had to lay off their staff, which consisted of around 4,000
employees worldwide. Notable employees included Cooper and Dr.
Gupta who were a large part of CNN’s broadcast team.

“I’ve covered plenty of breaking headlines during my time at
CNN; however this situation really caught me off guard,” Wolf
Blitzer, one of CNN’s key anchors, said. “My heart goes out to
the employees who lost their jobs due to this situation.”

Ultimately CNN was dealt a fatal blow, but its writing style and
stories will continue to inspire. The editors at CNN left one
final Tweet to mark the end of four decades of journalism.

“Everything was clearly RIGGED against us,” CNN said. “The other
big newspapers all had a CONSPIRACY brewing to take us out of
business. Even our very own super skilled reporters said so.
This is a DISGRACE for the journalism industry. SHAME.”

https://www.statesmanshs.org/5283/sloth/cnn-goes-bankrupt/
 

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* Origin: www.darkrealms.ca (1:229/2)