What To Know About CNN’s Defamation Case and Verdict

A CNN spokesperson told TVNewser that the financial numbers made available during the case “represent the plaintiff’s interpretation of a subset of data as presented in litigation, and do not represent financial data for the entire business of CNN”.

CNN’s parent company, Warner Bros. discovery, recently announced a corporate restructuring which created separate operating divisions for its cable and streaming businesses. This comes on the heels of NBCUniversal spinning off its cable news networks—MSNBC and CNBC—into a separate SpinCo entity.

CNN’s future is tied to WBD’s plans for its cable networks and whether it decides to spin it off or sell it. The outlet is already in the process of build your digital business under the president Mark Thompson and are looking for new sources of revenue as consumers continue to move away from legacy cable subscriptions.