US EditionRatings-starved CNN’s revenue dropped roughly $400 million in three years: court records
- CNN's revenue dropped roughly $400 million over three years, bringing in $2.2 billion in 2021, $2 billion in 2022, and $1.8 billion in 2023.
- A jury awarded Zachary Young $5 million in damages after finding CNN liable for defamation regarding its reporting on him in 2021.
- CNN's net worth fell from $4.4 billion in 2021 to $2.3 billion in 2023, a drop of 47.7%.
- The network faced sharp declines in viewership, with primetime ratings dropping 62% since 2020, according to Nielsen.
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Headlines in US Politics and Law
Headlines in US Politics and Law The United States continues to witness fast-paced developments in the realms of politics and law. In a notable settlement, CNN avoided further trial proceedings by reaching a deal with a U.S. Navy veteran following a $5 million defamation verdict. The trial, held in Panama City, Florida, concluded with the verdict needing $5 million in damages to be paid by the news outlet.In a different legal case, federal prose…
CNN Found Guilty Of Defaming U.S. Navy Veteran And Ordered To Pay MILLIONS In Damages, Jury Rules
In a landmark ruling, a Florida jury found CNN guilty of defaming U.S. Navy veteran Zachary Young, awarding him $5 million in damages. Discover how this unprecedented case could reshape media accountability and the implications for journalism.
JUST IN: CNN Pays Navy Vet Zachary Young Undisclosed Settlement For Punitive Damages After Jury Orders $5 Million in Emotional and Financial Damages
Navy Vet Zachary Young sues CNN for defamation You love to see it. CNN on Friday paid Navy Vet Zachary Young an undisclosed settlement for punitive damages after it was already ordered to pay $5 million in emotional and financial damages. Zachary Young sued CNN for defamation over a 2021 report on his work helping Afghans during Biden’s botched withdrawal. The lawsuit against CNN stemmed from their coverage of Biden’s botched Afghanistan withdra…
Ratings-starved CNN’s revenue dropped roughly $400 million in three years: court records
A forensic economist revealed that the ratings-challenged network brought in roughly $2.2 billion in revenue in 2021, $2 billion in revenue in 2022 and $1.8 billion in 2023.
CNN reached a settlement with a U.S. Navy veteran who helped evacuate people from Afghanistan after the U.S. military withdraws from the country in 2021, a judge announced Friday,…
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The Savage NationCNN Settles Defamation Suit After Jury Found It Liable for Smearing Navy Veteran in Afghanistan Evacuation Story
News network reached a deal with Zachary Young as it was facing potentially tens of millions of dollars in punitive damages. Article Attribution | Read More at Article Source The post CNN Settles Defamation Suit After Jury Found It Liable for Smearing Navy Veteran in Afghanistan Evacuation Story appeared first on RocketNews.
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