Word: cnn
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...rhetoric has been heated, but the stakes in the 24-hour news battle seem, at first glance, relatively small. CNN's audience averages only about 300,000 households except during major national crises and murder trials of former N.F.L. superstars. But CNN made $280 million last year. Murdoch, who plans to spend more than $200 million on his new venture, sees not only money to be made but, equally important, the prestige of finally adding a news component to his U.S. television empire. Both domestically and overseas, no media giant can afford to stay out of the news competition...
...News Channel is hardly the only new entree on a growing buffet table of news offerings. There are now two nationwide cable channels, CNBC and CNNfn, that specialize in business news. Another two--one from ESPN, the other from CNN and Sports Illustrated--will soon be offering around-the-clock sports news. On radio, news dribbles out daily on all-news stations and is dissected by opinionated talk-show hosts like Imus, Howard Stern and Rush Limbaugh. Local TV news programming is booming--up to six or seven hours a day on some stations--and 18 regional cable channels offer...
...claims that growing media concentration has caused journalism to lose much of its aggressiveness and credibility. The Nation magazine last June devoted a special issue to media conglomerates, including a chart detailing the tentacles of four dominant companies: General Electric (owner of NBC), Walt Disney Co. (ABC), Time Warner (CNN) and Westinghouse (CBS). Americans may be tuning out the news, the magazine speculated, "because they don't trust its homogenized premise of objectivity, especially when Disneyized, Murdochized, Oprahized and Hard Copyized." Though these corporate ownerships are becoming more apparent (Good Morning America travels to Disney World more often), the homogenizing...
...evening newscasts are a case in point. For many years, these half-hour programs were virtually the only place where TV viewers could get a wrap-up of the day's major national and world events. Now such stories can turn up in countless other places--not just on CNN and other cable outlets but on the networks' own local affiliates, which get news footage via satellite during...
Which still leaves consumers the task of sorting through it all. "People are experiencing a great information overload," says CNN president Tom Johnson. "It's up to us to find ways to simplify how the audience can receive this information." CBS News president Andrew Heyward sees another problem with the news explosion. "We seem to have lost a sense of proportion," he says. "Everything is made to seem equally important, from the fall of the Berlin Wall to the latest scandal in Washington. We lack the vocabulary to convey the true importance of some events, because we're always moving...