CNN and different Warner Bros. owned systems are still attracting visitors. In what has become a non-stop completely collapse for the cable TV industry, finding has slowed dramatically, lowering advertising revenue.
Warner Bros. The Hollywood media company’s new quarterly decline in TV advertising revenue, which led to the company’s failure to meet its earnings goals, fell by 11 percent. In pre-market investing on Thursday, the announcement caused its stock to drop nearly 4 %.
Executives attributed the decline in marketing to” soft linear advertisements in the U.S. and Latin America, as well as audience declines in domestic public entertainment and news networks.”
CNN continues to trail way behind Fox News and MSNBC in ratings, drawing just , 462, 000 in full time viewers for March, down 4 percentage from the past month, according to an Adweek statement.  , For March, there were no CNN shows in the best- 15 record of most- watched wire information shows.
Executive musical chairs, layoffs, and an almost never-ending reshuffling of on-air ability have plagued the anti-Trump network in an effort to bolster the firmly low ratings.
Warner Bros. By announcing a new Lord of the Rings stone and a fresh streaming package collaboration with Disney, finding executives attempted to destroy Thursday’s negative information.
Like other big Hollywood producers, Warner Bros. As American families continue to cut the cord by the thousands, Discovery is facing the slow-motion collapse of the standard cable TV industry, which has long been a source of income for producers.
In four times, only 38 percent of homes may have cable TV, according to a recent study, according to a report from Breitbart News.
Under the Biden administration, the TV advertising industry has suffered as a result of persistently higher consumer prices that are driven by prices.
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