Word: cnn
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...label by betting $100 million that there is a demand for television news 24 hours a day, seven days a week. The vehicle for his wager is Cable News Network, due to begin broadcasting this week. To mark the inaugural, President Carter agreed to an interview with Daniel Schorr, CNN'S chief Washington correspondent, and George Watson, the Washington managing editor. A number of large communications companies have considered cable TV news operations but rejected the idea as too costly for now. Says Turner: "It's a risky business. No one else wanted to take the risks...
...CNN will have an annual operating budget of $25 million, compared with more than $100 million each for the news divisions of CBS, ABC and NBC-and they fill only about an hour of air time a day. At the outset, CNN will be able to reach only 2 million of the 16 million homes now wired for cable, while the three major networks can reach almost all of the 76 million U.S. homes with TV sets. But Turner is convinced that there is a greater appetite for news than the networks can satisfy. "Because of ratings pressure, they tend...
...CNN has six domestic news bureaus (in Washington, New York, Los Angeles, Dallas, Chicago and San Francisco), foreign correspondents in Rome and London and a joint bureau with the Canadian Television Network in Peking. It plans to open offices soon in Bangkok, and Amman, Jordan. Headquarters for the operation is an antebellum mansion on 22 acres in Atlanta that cost $8.5 million to acquire and refurbish. CNN has spent $10 million on space-age TV equipment, most of it for the Atlanta studio. Cable systems around the country that subscribe to CNN will receive its programs from a communications satellite...
...commercial networks will get a prod in the direction of providing more news come June, when Atlanta Braves Owner Ted Turner launches his Cable News Network. CNN will feature round-the-clock news highlighted by a prime-time broadcast from 8 to 10 p.m. The new network will also provide extensive coverage of sports and business, topics that get little attention on the major networks' evening news. Although a midget by commercial standards, CNN promises to be a feisty competitor, with seven domestic and three foreign bureaus reporting to its Atlanta headquarters. Turner has budgeted more than $20 million...
...Gore rejected Bush?s plan immediately, calling it unfair to the American people. The Vice President had previously accepted both the NBC and CNN debate proposals, but were counting on the 90-minute CPD events as well. The concern, according to the Gore camp, is that debates which favor one network over the others could result in a smaller viewing audience; if "Meet the Press," for example, goes up against ABC?s hit series "NYPD Blue," ABC may not be willing to forgo its ratings - and advertising revenue - to carry an NBC-branded show...