CNN, ABC News Merger Stalled
from the so-complex dept
Back in September we reported the rumore that ABCNews and CNN would merge their news divisions in order to better take on rivals like NBC/MSNBC and Fox/FoxNews. However, now, AOL-Time Warner is saying the deal has been put on hold because it’s too complex. I don’t think that’s true. Complexities on how to merge organizations can be worked out. The deal has been put on hold because someone isn’t happy about how the money will shake out.
Comments on “CNN, ABC News Merger Stalled”
money, money, money
Of course it’s about money, no point in merging and leveraging assets if it wasn’t for money. The complexity is a cover for who is going to pull the longer end of the revenue stick.
No Subject Given
In one of The Simpsons episode, that describes the future, Kent Brockman is supposedly working for ABCNNBC. I guess the script writers couldn’t be closer to the truth.