CNN Cuts a Wire to Invest in Itself
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CNN said its decision to drop the Reuters news service after 27 years is based on its desire to reduce reliance on other media outlets for web content.
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Here's another reason to invest in stocks.
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In a move that appears aimed at energizing CNN&#39;s prime-time lineup, the cable news outlet announced yesterday that Jonathan Klein, a former executive vice
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NEW YORK - CNN will shut down its CNNfn financial news network in mid-December after nine years on the air. Available to about 30 million US households, CNNfn could also be seen in Canada by viewers with grey market satellite dishes.
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The CNN cable television news network said on Thursday it would stop using the Reuters news service, ending a 27-year relationship, to cut costs and invest in its own news gathering operations.
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CNN's coverage of two presidential debates this week, one of which elicited strong condemnations of the violence in Sudan, was co-sponsored by a Boston-based mutual fund firm that has invested in companies that do business in the African country.
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CNNfn, the financial news cable  network owned by Time Warner Inc. TWX.N, on Thursday said it  will cease business operations by mid-December due to the  growing competitive challenges.
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CNNfn, the financial news cable  network owned by Time Warner Inc. TWX.N, on Thursday said it  will cease operating by mid-December after fighting a losing  battle against far larger rival CNBC.
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CNN will shut down its struggling CNNfn financial news network in mid-December, giving up its attempt to compete with CNBC after nine years.
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ESPN, the cable TV network that has driven profit growth at Walt Disney Co. much of this decade, may produce smaller gains in coming years, crimping the stock price of the second-largest media company.
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Plus: Dow Jones' digital gamble. [News.com Extra]
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News that Microsoft was making a $44.6 billion bid to buy Yahoo was greeted with skepticism by many CNN.com users on Friday.
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A cable giant looks to the future of digital video.
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This week CNN is launching iReport.com, a site built completely on user-produced news.
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CNNfn, the financial news cable  network owned by Time Warner Inc., on Thursday said it will  cease operating by mid-December after fighting a losing battle  against far larger rival CNBC.
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Facing continued top-line weakness, the company may have to cut costs.
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The CNN cable television news network  said on Thursday it would stop using the Reuters news service,  ending a 27-year relationship, to contain costs and invest in  its own news gathering operations.