TROUBLES: MSNBC Shakeup as Andy Lack Fumes Over Ratings Decline… CNN Loses Third of Primetime Audience… Jim Cramer’s STREET sold for just $16M

TROUBLES: MSNBC Shakeup as Andy Lack Fumes Over Ratings Decline… 

MSNBC implemented a big shakeup in programming this week, Mediaite has learned, appointing SVP of programming and development Jonathan Wald and MSNBC executive editor Dan Arnall to lead dayside. The former head of dayside, NBC News SVP Janelle Rodriguez, will take control of NBC News Now, the network’s streaming service.

The changes were announced company-wide at 9 a.m. Wednesday. A source told Mediaite that the new organization returns MSNBC to its former structure: dayside will be managed in two blocks, with Wald taking over 9 a.m. to noon and Arnall taking noon to 4 p.m. Wald will also continue to oversee the network’s primetime shows, alongside MSNBC president Phil Griffin.

Rodriguez will continue to lead newsgathering and editorial for MSNBC dayside, NBC Nightly News, in addition to her job for the network’s streaming service. Show producers, however, will report to Wald and Arnall.

CNN Loses Third of Primetime Audience…

The far-left CNN’s ratings death spiral marched into last week as the fake news network lost one-third of its primetime audience and a breathtaking 55 percent of its demo viewers.

When compared to this same week last year,  CNN also lost 21 percent of its total day viewers.

How bad is this?

Well, you can’t blame a slow news week because not only was President Trump on an overseas trip, but as you will see, CNN stands completely alone with this massive audience implosion.

By comparison, in primetime, MSNBC and Fox News only lost four percent of their viewers compared to last year and seven and five percent of their total day viewers, respectively.

Let me lay this out for you as starkly as I can.

Primetime Viewership Compared to Same Week Last Year

Fox News: -4 percent

MSNBC: -4 percent

CNNLOL: -33 percent

Total Day Viewership Compared to Same Week Last Year

Fox News: -7 percent

MSNBC: -5 percent

CNNLOL: -21 percent

Jim Cramer’s STREET sold for just $16M

Deal boosts TheStreet shares about 7% in early morning trading

TheStreet, the stock market news website co-founded by Jim Cramer, agreed to be acquired by TheMaven Inc., a Seattle-based digital media company, for $16.5 million in cash, the site announced on Wednesday morning.

It’s unclear if Cramer, who has become a household name hosting “Mad Money” on CNBC for more than a decade, will remain involved with the site. When reached for comment, TheStreet CEO and CFO Eric Lundberg said “it’s TBD,” or to be determined, if Cramer will stay connected to the site in any official capacity.

The deal will pay between $6.19 and $6.47 per share to TheStreet shareholders, representing about a 9% to 14% premium on where the company closed on Tuesday. The buyout boosted the site’s shares nearly 7% in early trading on Wednesday, hitting $6.06 per share.

 

Media has big problem: Who will pay for news?

LONDON (Reuters) – News organizations are being challenged by technology giants and unsettled by a broader lack of trust but they have a much deeper problem: most people don’t want to pay for online news, the Reuters Institute found.

Swiftly accelerating mobile internet and smartphones have revolutionized the delivery of news and destroyed the business models of many news organizations over the past 20 years, leading to falling revenues, layoffs and takeovers.

The mass migration of advertising to U.S. technology giants such as Facebook, Google and Amazon has hammered revenues while more than half the world’s population now has access to news via an internet connection.

But will people actually pay for news?

The Reuters Institute for the Study of Journalism said in its annual Digital News Report that most people would not pay for online news and that there had been only a small increase in the proportion of people willing to do so in the last six years.

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