ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Trump says CNN has ‘gotten worse’ under new ownership: ‘They lost tremendous credibility’

Former President Donald Trump told Fox News Digital that he hasn’t noticed “any sign” of change at CNN despite new leadership at the network that he's long feuded with.

DALLAS—Former President Donald Trump feels CNN has "gotten worse" under new ownership.

"CNN doesn’t have any credibility and that’s so sad to see," Trump said when Fox News Digital asked what the network can do to restore credibility in the eyes of conservatives backstage before the former president delivered the CPAC Texas keynote speech. 

"It used to be a very important network. It used to be a very important platform, I think they’ve actually gotten worse," Trump continued. "I think it’s a whole big con job that they’re going to try to reach out and they’re going to try to get better. I think they’ve gotten worse." 

NEW CNN BOSS CHRIS LICHT ‘DETERMINED TO TAMP DOWN SPECTACLE’ AS HE EVALUATES WHO SHOULD STICK AROUND: INSIDER

Trump’s longtime nemesis Jeff Zucker, who was largely responsible for the network’s shift from a just-the-facts news operation to liberal opinion programming, was forced to step down earlier in 2022 ahead of the long-planned merger that put CNN under the control of Warner Bros. Discovery. 

Zucker’s successor, recently named CNN CEO Chris Licht, put an emphasis on restoring the network’s reputation of a non-partisan "news" outlet. Licht has also reportedly been meeting with high-profile Republican lawmakers in an attempt to repair relationships that soured during the Zucker era — but Trump hasn’t noticed "any sign" of change. 

"Not a lot of people are watching. They lost tremendous credibility and they lost a lot of money in terms of brand value," Trump said. "But I have not seen any sign that they’ve changed."

CNN WILL 'REIMAGINE' LONG-STRUGGLING MORNING SHOW 'NEW DAY,' CEO SAYS

Licht, who took over the network last spring, hasn’t made significant changed to the network’s programming. He’s toned down the network’s use of the "Breaking News" on-screen graphic that became commonplace during the previous regime and announced the long-struggling morning show "New Day" would be "reimagined" later this year, but most of the Zucker-era talent remains in place. 

CNN SUFFERS SMALLEST WEEKDAY AUDIENCE SINCE 2015

"Chris is the midst of an entire org evaluation, which includes a review of talent and executives — not just two anchors. He’s determined to tamp down spectacle and has discouraged the presentation of content in an alarmist fashion," a CNN insider told Fox News Digital earlier in 2022. 

The "two anchors" comment was a reference to an Axios report in June that suggested Brian Stelter and Jim Acosta were seen as the "face of the network's liberal shift" in the eyes of conservatives. 

Zucker was an NBC executive and launched "The Apprentice," but the duo didn’t see eye-to-eye when Trump entered politics. By the time Trump announced his candidacy for the 2016 presidential election, Zucker was in charge of CNN. 

The network was initially mocked for airing empty podiums as Trump was set to speak, as critics believed they were building up the former reality TV star to help ratings. However, once Trump emerged as a viable candidate, the network turned on him and essentially implemented an anti-Trump programming strategy. 

Fox News' Joseph A. Wulfsohn and Haris Alic contributed to this report.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.