Ep. 219 The END of BIG MEDIA as AT&T Looking to SELL CNN and Fox News Shares PLUMMET!!!

Published: Nov. 17, 2020, 7:56 a.m.

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Highlights:

  • \\u201cThe fact that CNN has recently crushed Fox in the ratings seems to matter very little. Obviously, the execs over at AT&T see that as nothing more than further evidence that cable news is on it\\u2019s way out.\\u201d
  • "Just the mere mention of Trump in his barrage of tweets, just Trump even hinting at starting a rival network to Fox was enough to have Fox shares dropped six percent."
  • "The important thing to get here, like what we\\u2019re seeing with CNN and Fox, is that this media crisis emphatically did not begin with the COVID-19 pandemic. This has been an on-going trend."
  • "Decentralized content creators like what we have here on YouTube or on Parler or BitChute and a whole host of other platforms, which are really just beginning, we\\u2019re the future of news, we\\u2019re the future of political commentary."

Timestamps: \\xa0\\xa0

  • [02:37] Charlie Gasparino\\u2019s (Fox Business) report on how the big media is collapsing
  • [04:27] Jeff Bezos as the potential buyer and how CNN has been losing money
  • [05:32] Fox News\\u2019s plummeting ratings and shares and Trump\\u2019s tweet
  • [06:16] How Newsmax is surpassing Fox Business and CNBC ratings
  • [07:00] What is happening in the media and how the coronavirus has affected them
  • [08:26] When and how the crisis in the media really started
  • [10:17] The end of big media - the shift from mass society to the network society

Resources:\\xa0

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