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Diller Eyes CNN, Plans Sweeping Changes
12 Mar
Summary
- Barry Diller has long been interested in acquiring CNN.
- He believes CNN has not been optimally managed or programmed.
- Diller plans to change CNN in 'every way' if acquired.
Barry Diller has revealed his significant interest in acquiring CNN, a sentiment he has held for several years. He shared his perspective in an interview, stating his belief that the news network has not been managed optimally, which he feels is reflected in declining ratings and revenue. Despite these challenges, he acknowledged CNN remains profitable.
Diller expressed his desire to change the network "in every way" should he gain ownership. He sees substantial potential in CNN's international brand influence and believes it could be more competitive. He has previously shared his views on CNN's programming with Warner Bros. Discovery leadership. While acknowledging the low probability of acquisition, he hopes for the opportunity to implement his vision.
