A leaked figure put CBS News $50 million in the red—but the network said in an on-the-record statement that it is profitable, raising questions about who’s trying to shape the narrative and why.
Details in @status.news: www.status.news/p/cbs-news-f...
An astonishing report this week about CBS News' finances sparked buzz and consternation inside the outlet and across the industry—but on Thursday, a significant wrinkle in the story emerged.
if Colbert can be fired for $40M what can happen to a division $50M in the hole after an acquisition, perhaps the public statement is to ease fears since there is so much public notice and concern about that news division
I’m guessing it’s the same people who leaked that Colbert was losing $40mm per year - likely untrue, but if true - suggests CBS is really bad at business if they can lose money like that on the #1 rated late night show
Perhaps they are being propped up in some way by RW oligarchy money in exchange for a turn to the right. Nothing about $50M in the red that $51M of RW oligarch gift money can't turn black.
Is it really a question?
