Some are speculating about whether the time is right for the two media entities to partner together.
New York (WiredPRNews.com) – Some are speculating about a potential partnership between CNN and CBS News. As reported by the Associated Press (AP), the two media entities are said to be in talks regarding the possible formation of a business relationship.
Jeff Bewkes, chairman of CNN parent Time Warner Inc. is quoted in the report as stating of the possible arrangement, “There is a lot of fiscal strength at CNN that essentially puts us in a pretty good position offering a solution to the cost problems and profit squeeze that go on in network news.”
Former CBS News executive Marcy McGinnis, is further quoted in the report as stating of past negotiations between the two news sources, “The landscape is a little bit worse” than when the two companies talked about some way to combine forces in the past…They both have more incentives to talk about economies of scale.”
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