The Wrap.com is reporting that unwatched CNN is about to layoff 550 employees because, well, nobody watches it — unlike Fox News — and advertisers feel it is stupid to waste money on commercials nobody sees.
The Wrap.com is also reporting that one time CNN employee Glenn Beck, who is now worth an estimated $100 million due to his success with The Blaze, has made two offers to help but neither went anywhere.
One of the offers involved The Blaze taking over the network’s HLN spot on the channel list.
In 2012, Beck made an offer to buy Al Gore’s Current TV network. Gore, instead, chose to sell it to Al Jazeera.
Apparently misogynistic propagandist for jihad and terror are more palatable to him and his kind than people who have Christian values and believe in free markets.
In fairness, The Wrap is saying one person at CNN has told it talks are not dead. Still when reports of massive layoffs come after reports of a rejected deal, one does connect dots.
Keith Olbermann, the one-time MSNBC answer to Rush Limbaugh, has been dismissed from his anchor post at Current TV, the progressive, unwatched media company founded by Al Gore, according to the New York Times.
He held the post for less than a year. What next? A news broadcast from his basement on the local cable community channel? Random postings on YouTube?
Former MSNBC personality Keith Olbermann has been named chief news officer on Current-TV, the cable network started by Al Gore. Olbermann will host a nightly “news” and commentary show according to the network’s websitewhere he “will lead” the programming slate.
“Nothing is more vital to a free America than a free media, and nothing is more vital to my concept of a free media than news produced independently of corporate interference,” said Olbermann in statement.
Olbermann’s compensation will include equity in Current Media, the corporate owners of Current-TV.
Olbermann left the constantly low-rated MSNBC on Jan. 21 three days after the network was acquired by Comcast along with the rest of NBC Universal.
Perhaps the most remarkable thing with regard to Current-TV is that has even fewer viewers that Olbermann’s old network.
Corporate question of the day: will Olbermann’s stake of stock cause him to stifle the spit and spite for the benefit of profits now that they are his own?