11.01.2004 12:02 PM
CNNfn Network to shutdown

CNNfn, the financial news cable network owned by Time Warner, will go dark by mid-December. The shutdown comes after a long losing ratings battle with rival CNBC.

The network, launched in 1995, competed for viewers as U.S. interest in the financial markets surged, but it failed to garner wide distribution on the largest U.S. cable operators.

CNNfn is distributed in about 30 million of 100 million U.S. homes. CNBC, owned by General Electric Co.’s NBC Universal division, is available in about 86 million homes and 200 million worldwide.

About 50 of CNNfn’s 110 employees will remain with the company. The other 60 employees will be offered an opportunity to reapply for other jobs within the CNN news group.

Back to the top




Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

Sue Sillitoe, White Noise PR /   Tuesday 05:21 AM
Professional VoD/OTT Just Got Affordable With Visual Unity
Clyne Media, Inc /   Tuesday 07:54 AM
Auralex® Now Shipping New Deep6™ Low-Frequency Absorber

 
Featured Articles
Discover TV Technology