Report: AT&T may look to sell CNN to pay off debts amid expected post-Trump ratings drop

After years of feeding off of Trump hate, CNN may be in for a rude awakening soon. 

There are rumors that Trump’s notorious enemy will soon be on the market as the network is expected to suffer a drop in ratings under a Biden administration, Fox Business correspondent Charlie Gasparino said in a recent interview, according to the Washington Examiner.

CNN to lose its top target

According to the Examiner, Gasparino told Tucker Carlson Tonight that sources at CNN and in the banking world believe that AT&T, CNN’s owner, is looking to sell the network to pay off its debts.

AT&T is “financially unstable,” Gasparino said, $150 billion down to be exact, and CNN could prove to be a depreciating asset without Trump in the White House. “CNN does not have Donald Trump to kick around anymore, and their ratings will take a hit,” Gasparino said, according to Fox. “They need to cut costs. There’s an active investor out there.”

Gasparino did note that some of the head honchos think CNN is fine, and he isn’t a “CNN hater” himself, but the network may well have “hit its peak” hating Trump. He pointed to Amazon CEO Jeff Bezos, who bought the anti-Trump rag The Washington Post to the tune of a quarter billion dollars, as a potential buyer.

“This rumor is real,” Gasparino said. “AT&T is a screwed up company… CNN, like a lot of media companies, it may have hit its peak hating Trump.”

Fox Business reported that investment bankers told them the sale “would make sense from both sides.”

Trump to be vindicated?

News outlets have declared Joe Biden the president-elect, but Trump has refused to concede the race, alleging voter fraud.

Trump’s presidency has indeed been a massive boon for the media, as the president himself has often pointed out.

Trump has often said that the “Fake News” will miss the president they relentlessly bashed when he’s out of the picture, and it looks like he’s got a point.

“HIGHEST CABLE TELEVISION RATINGS OF ALL TIME. SECOND HIGHEST OVERALL TELEVISION RATINGS OF ALL TIME. Some day these Fake Media Companies are going to miss me, very badly!!!” Trump tweeted in September, after his first presidential debate with Joe Biden.

Say it ain’t so, Trump.

Share on facebook
Share To Facebook

Welcome to our comments section. We want to hear from you!

Any comments with profanity, advocacy of violence, harassment, personally identifiable information or other violations will be removed. If you feel your comment has been removed in error please contact us!

Latest Posts