Posted on 06/13/2018 1:46:32 PM PDT by george76
Disney is selling the longtime headquarters of ABC News, which occupies a prestigious piece of New York City real estate.
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The sale is raising new questions about the future of Disneys troubled news operation.
Once-vaunted ABC News has struggled for identity in recent years, as the TV news spotlight has shifted to cable and the internet. And ABC News' notable shift away from hard news coverage, perhaps in search of viewers, has reduced its relevance in the news ecosystem ... as Disney executives voice increasing frustration with the high costs and low returns of the news operation.
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ABC staffers tell Fox News they have been informed that they will likely be moving far downtown in Manhattan to an area known as Hudson Square, which is not convenient to many commuters... ABC is seeking about 33 percent less square footage downtown than it currently has, raising the prospect that the move will be accompanied by staff reductions.
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Even as staffers anticipate potential cutbacks, ABC News, which is owned by Disney, continues to pay huge amounts of money to the stars at the top of its on-air roster... these paychecks have rankled Disney executives
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Disney pays President Bill Clinton's onetime adviser George Stephanopoulos a reported $15 million a year despite criticism that he plays an awkward role on his main broadcast, Good Morning America. It is also paying largely unknown host David Muir, of World News Tonight, an estimated $7 million a year
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ABC News programs include Good Morning America and The View, which blur the lines between news and entertainment programming.
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In addition to the various liberal bias controversies swirling around ABC News, Disney has also faced criticism over anti-Trump comments by ESPN stars, as well as by ABC's late-night comedy star Kimmel
(Excerpt) Read more at foxnews.com ...
News was always biased!
ABC News programs include Good Morning America and The View, which blur the lines between partisan politics and PUNCHY Trump-hater insults.
There. Fixed it.
“here are apparently millions of Americans who aren’t news junkies, and are content to wait until the dinner hour to catch up on the day’s news.”
so far. but most of these now live in nursing homes and are rapidly dying off and are NOT being replaced ...
both newspapers and nightly network news are headed the way of the Dodo bird ...
Kinda sorta when Roone Arledge ran the joint, I think is the time the writer is referring.
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