Cable news removal of fund
You're referring to the removal of funding for cable news networks!
In the United States, cable news networks like CNN, MSNBC, and Fox News rely heavily on advertising revenue to fund their operations. However, there have been efforts to remove or reduce funding for these networks, often driven by political or ideological motivations. Here are a few examples:
- Cable TV cord-cutting: The rise of streaming services and online news sources has led to a decline in traditional cable TV subscriptions. This has resulted in reduced advertising revenue for cable news networks, making it more challenging for them to maintain their operations.
- Advertising boycotts: In 2018, several major advertisers, including AT&T, Verizon, and Coca-Cola, announced they would no longer advertise on Fox News due to concerns over the network's coverage of the migrant caravan and other issues. This boycott was seen as a blow to the network's revenue.
- Government funding: There have been attempts to cut funding for public broadcasting, which includes some cable news networks like PBS NewsHour and NPR. In 2017, the Trump administration proposed a 36% cut to the Corporation for Public Broadcasting (CPB), which provides funding for public broadcasting.
- Proposed legislation: In 2020, a proposed bill in the US House of Representatives aimed to eliminate funding for the CPB, which would have effectively ended public broadcasting in the United States.
- Private funding: Some individuals and organizations have also attempted to influence the funding of cable news networks. For example, in 2020, a group of conservative donors launched a campaign to boycott CNN and other liberal-leaning news outlets.
It's worth noting that while these efforts may have had some impact on the funding of cable news networks, they have not been successful in completely removing funding. Cable news networks continue to operate and produce content, albeit with some adjustments to their business models and revenue streams.
Would you like to know more about the impact of these efforts on the cable news industry or the current state of cable news networks?