A billionaire Trump-donor may have been behind Jeff Zucker’s CNN resignation and here’s why that is terrible news for Jim Acosta and others at CNN. John Malone is the majority owner of Discovery, the company that will soon run CNN.
And Malone is a Trump supporter. He donated $250,000 to Trump’s inauguration in 2017. Malone is also on record saying: “I would like to see CNN evolve back to the kind of journalism that it started with, and actually have journalists, which would be unique and refreshing.
“I do believe good journalism could have a role in this future portfolio that Discovery-TimeWarner’s going to represent.
But it is not just Acosta and the other network stars that are panicking, so are some Dem members of Congress who feel ‘devastated for Democracy’ about losing Zucker.
"I would like to see CNN evolve back to the kind of journalism that it started with, and actually have journalists," claimed John Malone, the top shareholder of Discovery, which is poised to take over the network. pic.twitter.com/QnNhQwgBY0
— Mediaite (@Mediaite) November 19, 2021
From Vanity Fair: Toward the end of the meeting, in which prominent CNN journalists went hard at Kilar over Zucker’s resignation, special correspondent Jamie Gangel spoke up. “The first calls I got this morning were from four members of the January 6 committee, who felt devastated for our democracy, because Jeff was not going to be around to make sure that CNN is able to do its job,” she said (later clarifying to colleagues that she meant to say four congresspeople, including one member of the committee).
Deadline reported, “Discovery’s largest shareholder, John Malone, a critic of CNN, made it known that corporate procedures had to be followed to the letter in regards to Zucker, we hear.
“Being that WarnerMedia’s standards of business conduct require disclosure of relationships that develop with a boss and subordinate, Zucker’s goose was officially cooked.”
With CNN’s ratings in the toilet and Fox News’ soaring, Acosta is smart to worry that any new management, let alone one picked by a Trump supporter, would make major changes.
From The Daily Mail:
Meanwhile, speculation continues to grow over whether Zucker was forced out at CNN over his open-secret affair not because bosses had any real issue with it, but because the scandal of it and his ongoing war with Cuomo could have threatened AT&T’s $43billion deal with Discovery.
AT&T bought WarnerMedia (formerly Time Warner) in 2018 for $84billion. It was a disastrous deal that the telecoms giant has been trying to unwind for years. It, finally, is now in the finalizing stage of a $43billion sale of WarnerMedia to Discovery.
According to Puck media reporter Dylan Byers, Zucker and Gollust were due to take on senior roles within the new company, under the leadership of Discovery CEO David Zaslav.
John Malone one of Discovery Channel’s major share holders purchasing CNN admitting CNN does not have real news or real journalists! pic.twitter.com/pNye4zZvLl
— Randy Quaid (@RandyRRQuaid) December 7, 2021
