Discovery’s stock price has dropped by 50% since merging with CNN.

Mainstream Media Struggles in Biden Era

The media industry has been hit hard in the Biden era, with Discovery’s stock price plummeting since its merger with CNN parent company WarnerMedia in April 2022. Shares in Warner Bros Discovery have fallen by over 50% in the past 13 months, following the failed launch of CNN+.

What Does This Mean?

CNN has already fired several partisan commentators, including Don Lemon, Brian Stelter, Chris Cuomo, John Harwood, and Jeffrey Toobin. However, the market remains unimpressed, and CNN must take further action to restore the public’s trust in its tarnished brand. The network still hasn’t fired Jim Acosta, which has raised concerns among viewers.

The Bottom Line

Former President Donald Trump was a boon for the mainstream media, as their ratings soared during his tenure. However, since President Joe Biden took office, their ratings have plummeted. Desperate to regain their audience, CNN is hosting a town hall with Trump next week and is rumored to be pushing for his nomination in the upcoming election.

• Discovery’s stock price has fallen by over 50% since its merger with WarnerMedia
• CNN has fired several partisan commentators, but the market remains unimpressed
• The network still hasn’t fired Jim Acosta, which has raised concerns among viewers
• The mainstream media’s ratings have fallen since Biden took office
• CNN is hosting a town hall with Trump next week and is rumored to be pushing for his nomination

The media industry is facing tough times, and CNN must take bold steps to regain its audience’s trust.