Billionaire Media Mogul: CNN Needs To ‘Actually Have Journalists’

CNN has increasingly been under scrutiny in recent years amid allegations of biased journalism and poor journalistic standards, but now a famed media mogul is even questioning the direction of the struggling news organization.

Billionaire media executive John Malone told CNBC that although CNN will likely find a place in the mega merger between MediaWarner and Discovery, the $43 billion deal could have major implications for the future of the liberal news channel.

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“I would like to see CNN evolve back to the kind of journalism that it started with, and actually have journalists, which would be unique and refreshing,” said Malone. “I do believe good journalism could have a role in this future portfolio that Discovery-TimeWarner’s going to represent.”

The criticism comes as CNN’s ratings have fallen precipitously since former President Trump left office. By some estimates, ratings are off 50% in the last year.

“I know your ratings were better with Trump,” author Don Winslow said about the network. “But the thing of it is the country was totally f****d. Please keep that in mind.”

In May of this year, AT&T announced that it would spin off its media operations, including CNN and HBO to Discovery for $43billion in cash, debt securities and debt retention with its shareholders getting 71% of the new company.

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