The head of Discovery Inc. is touring offices around the country as a massive merger draws near. According to Mediaite, CEO David Zaslav’s tour will include CNN’s Washington, D.C. bureau where he will reportedly meet with staff including anchors and reporters.
AT&T’s WarnerMedia unit recently announced a merger with Discovery. The merger consists of iconic brands such as HBO, CNN, TBS, TNT, and the Cartoon Network. The merger will allow AT&T to pay off some of its debt and move money around in an effort to expand its 5G network for its cellular service.
Zaslav’s visit to CNN’s Washington, D.C. bureau may yield some interesting conversations. The report states that a source said the attitude among the D.C. bureau was optimistic that the sit-down with Zaslav would go better than last month’s meeting with former WarnerMedia CEO Jason Kilar.
Some of the notable names that Zaslav may have a chance to interact with when he visits the Washington D.C. office includes Jim Acosta, Dana Bash, Pamela Brown, Wolf Blitzer, Brianna Keilar, John King, and Jake Tapper.
The network is in a state of transition right now with the resignation and subsequent departure of former president Jeff Zucker and former marketing executive Allison Gollust.
In December, CNN fired Chris Cuomo for using his journalistic position in an attempt to manipulate the outcome of former New York Gov. Andrew’s Cuomo’s sexual misconduct allegations.
Furthermore, in May, the cable news channel will welcome Chris Licht, who takes over CNN Global as chairman and CEO.
WGA Members at CBS News Ratify New Agreement
The new agreement was approved by 89% of those CBS News members who voted on the deal
Roughly 260 Writers Guild of America members who are employed at CBS News have chosen to vote and overwhelmingly authorize a new three-year contract. The new agreement was approved by 89% of those CBS News members who voted on the deal, per Deadline.
Those members in the WGA from East to West from the news media outlet see the new deal cover who work as news writers, producers, graphic artists, desk associates, and others at the network’s news operations in New York, Los Angeles, Chicago, and Washington D.C.
“In a challenging environment, we were able to make real gains,” said WGA East executive director Lowell Peterson. “Because our members at CBS News mobilized and made their voices heard.”
“We won a solid contract that raises pay, includes a hefty boost in pension contributions, increases fees, and makes transformational gains for longer-term ‘temporary’ employees – severance pay and parental leave.”
The WGA states that this new contract for the WGA members at CBS News includes:
• Staff will get 2% minimum salary increases each year and a full pension rate increase will be paid by the company.
• Temporary employees pay goes up 3.50% in year one, 3.0% in year two, and 3.25% in year three.
• Producer fees increase to $50 in Los Angeles and New York in the second year of the contract, and to $50 by the third year at WBBM in Chicago.
• Fee for filling in for executive producer or senior producer in many but not all circumstances.
• Acting editor fee rate increases by 15%.
• Severance pay for long-term full-time temps.
• Parental leave for long-term full-time temps.
• Improved comp day calculation for a small number of temps.
• Increased severance pay for long-term staff employees; up to 48 or even 72 weeks for certain layoffs.
• Side letter on company process for requesting work from home.
Donald Trump Takes Shot at Fox News, Suggests CNN Go Conservative
Trump went after Fox News, saying the news outlet isn’t what it used to be in his eyes.
Last week, radio host Dinesh D’Souza went after Fox News, claiming that the network is suppressing his new film called “2,000 Mules.”
“Several Fox hosts want to have me on to discuss the movie but the network is blocking them. Incredibly a ‘news network’ is blocking coverage of the biggest news story in the country!” D’Souza tweeted.
Then this past weekend, former President Donald Trump went after Fox News, saying the news outlet isn’t what it used to be in his eyes. Trump spoke out against Fox News, arguing that the network “won’t even show or discuss” the 2020 election fraud documentary “2000 Mules.”
“Fox News is no longer Fox News,” Trump posted on his TruthSocial account. “They won’t even show or discuss the greatest & most impactful documentary of our time, ‘2000 Mules.’ The Radical Left Democrats are thrilled – They don’t want the TRUTH to get out.”
Furthermore, the former president recommended that CNN “go conservative” and take Fox News’ place as the go-to channel for those looking to consume a new conservative media outlet.
“CNN should go Conservative and take over the greatest, strongest, and most powerful BASE in U.S. history,” Trump stated. “Nobody is watching CNN’s Fake News now so, as I say, what the hell have they got to lose? Sadly, they’re too stupid to make the change!”
Stephanie Ruhle Has No Pity for Crypto Investors Amid Decline
Ruhle, a former investment banker, told crypto investors on “Morning Joe” not to expect any government help or relief.
For those who dabble in cryptocurrency, MSNBC anchor Stephanie Ruhle has little sympathy for investors following the last week’s collapse in the value of digital coins.
During a segment on Friday’s edition of “Morning Joe,” “The 11th Hour” host, a former investment banker, also told crypto investors not to expect any government help or relief.
She added that they have only themselves to blame for purchasing the unstable currency over more conventional assets.
“Let’s remember: The entire basis of crypto is secrecy. It is decentralization. It’s ‘Don’t tread on me. I don’t want the government. I don’t want establishment,’ so this is very much a ‘Buyer beware’ [situation],” Ruhle said, per Mediaite.
On Thursday, Cryptocurrencies crashed following the tumble of TerraUSD, a so-called stablecoin, with bitcoin plunging to a 16-month low of around $25,400.
Crypto assets have also been swept up in the broad selling of uncertain investments on concerns regarding high inflation and increasing interest rates.
Ruhle stated the fall of the crypto market is distinct from the 2008 recession when large investment companies proceeded to go under and needed to be saved by the government.
“You won’t have institutions at risk here, but millions and millions of individuals, many of whom have never invested in the markets, many of whom have borrowed to bet big in crypto, losing enormous amounts of money, so what’s going to happen?” Ruhle said.
“Are people going to turn around and say, ‘The government needs to help me. I need to be bailed out for this’?”