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 they do not represent financial data for the whole of CNN’s business.”
CNN’s parent company, Warner Bros. Discovery, recently announced a corporate restructuring that created separate operating divisions for its cable and streaming businesses. That came on the heels of NBCUniversal cleaving its cable news networks—MSNBC and CNBC—into a separate SpinCo entity.
CNN’s future is tied into WBD’s plans for its cable networks and whether it decides to spin them off or sell them. The outlet is already in the process of building up its digital business under president Mark Thompson and is seeking new sources of revenue as consumers continue to move away from legacy cable subscriptions.