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As I write this, Donald Trump is less than 90 minutes away from taking the oath of office, so at the risk of giving decent people a #WinningOverdose, did you know CNN has lost $400 million in revenue in only three years?
The information became public during a defamation suit against CNN filed by Navy veteran Zachary Young, in which Young triumphed. Last week, a jury found CNN liable for defamation and awarded Young $5 million in damages. The punitive phase of the trial is next, which is why we know the jury-confirmed liars at CNN lost $400 million in revenue over three years.that “a forensic economist revealed that the ratings-challenged network brought in roughly $2.
Ah, but in 2015, 101 million U.S. homes subscribed to cable/satellite TV. By 2023, that number dropped to 60.8 million. That means, at best, that CNN is probably only in about 57 million homes, a drop of 42 percent.So even though only a little over zero percent of people with access to CNN watch CNN, CNN is still making about $55 million a month — or more than a half-billion dollars a year — for doing nothing more than being a part of 57 million cable packages.
CNN has also lost its ability to influence public opinion, which had been a large part of its value to a future buyer.Watch Live: Breitbart in D.C.
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