A year ago, in this post, I said:
Considering that Fox News generates more profit than CNN, MSNBC, ABC News, NBC News and CBS News combined, it can only be a matter of time before one of the broadcast news services (as opposed to cable) switches over to a conservative format. My guessing is that one of them would have done it by now except that they are afraid of US government retribution while Obama inhabits the White House. However if the Republicans take Congress in 2010 and it becomes clear that President Obama is a lame duck, look for a dramatic switch sometime in 2011.
The one to look for? My guess, CBS. They’ve go the lowest ratings, and they can save about $13.5 million on the newsreaders salary right off the top [i.e. Katie Couric’s salary].
Well, according to this article, the News Chief of CBS News, Sean McManus is leaving. The new President of CBS News will be David Rhodes, who “spent 12 years at Fox News Channel “starting as a PA and eventually leading the network’s newsgathering division”. Now I know Fox News Channel is not the same thing as Fox News’ cable channel, but still? CBS News is still in last place and those unrealized profits from conservative viewers are still there for the taking. And Marie Antoinette – er, I mean Katie Couric’s salary is still there to be chopped.
Makes perfect sense.
There's no doubt that Fox News' profits are so large because they have no competition for conservative punditry.
But capitalism hates lack of competition in a profitable niche, so something has got to give.
Posted by: rabbit | February 09, 2011 at 10:45 AM
Maybe we are reaching the tipping point. Conservatism is where the money is. Most of the left is out of work, or unwilling to work. I start to see a twinkle of hope.
Posted by: WiseGuy | February 09, 2011 at 08:27 PM