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{{ 'now' | timezone: 'America/New_York' | date: '%b %d, %Y' }}

In The Room
Dylan Byers Dylan Byers

Greetings from Los Angeles, and welcome back to In the Room. Congrats to Gerry Cardinale on setting the record for longest lunch with the FT. Molto italiano.

Big news this week in media M&A-land: Nexstar’s Perry Sook has closed his $3.5 billion acquisition of Tegna, with a green light from both the D.O.J. and the F.C.C. The deal will make Sook the most powerful local television operator in the nation—despite a last-minute push from California Attorney General Rob Bonta and other A.G.s to block the deal.

Speaking of which, I’ll be interviewing Bonta and New Mexico A.G. Raúl Torrez at Jim Steyer’s Common Sense Summit next week in San Francisco. I imagine he’ll have some thoughts…

In tonight’s issue, news and notes on some creative formatting experiments at CNN, where Mark Thompson is asking top talent to lean into their inner McAfee. Reviews have been decidedly… mixed.

🎙️ Plus, on the latest episode of The Grill Room, Beehiiv co-founder and C.E.O. Tyler Denk weighed in on the state of the creator economy, Substack’s $1.1 billion valuation, and the realities of monetizing audiences. Follow The Grill Room on Apple, Spotify, or wherever you prefer to listen.

Also mentioned in this issue: Anderson Cooper, Bari Weiss, Mark Thompson, Joanna Stern, John Berman, Tom Cibrowski, Sam Dolnick, Jay Shaylor, Joe Kahn, Pat McAfee, Tim Miller, Julia Wick, Sarah Wick, Julia Turner, Hanya Yanagihara, Sarah Ball, Stella Bugbee, Jake Tapper, and more…

 

Open Tab

  • The CBS News cuts: The long-anticipated CBS News layoffs have finally arrived. Bari Weiss and president Tom Cibrowski said Friday that they will cut 6 percent of staff, or around 70 employees. Several correspondents were cut—including Dave Malkoff, Elaine Quijano, Omar Villafranca, and David Schechter—along with at least half a dozen staff in the Washington, D.C., bureau. CBS News Radio is also being eliminated in its entirety, bringing an end to the news network’s original, hundred-year-old foundation.

    “It’s no secret that the news business is changing radically, and that we need to change along with it,” Bari and Tom wrote in a memo, adding that “some parts of our newsroom must get smaller to make room for the things we must build to remain competitive.”

    In a meeting Friday, Bari assured staff that the cuts had “absolutely nothing to do with the quality of your work,” though that’s not entirely true. Since her arrival, Bari has been frustrated and perplexed by, in her view, the mediocrity and complacency of some CBS News employees, as I’ve previously reported. That appears to be a motivating factor in her decision-making. And while the scope of the cuts seems less severe than anticipated, she’s likely to cut additional staff by letting some contracts lapse later this year.
  • Spill the T: Hanya Yanagihara, the editor of a particularly whimsical incarnation of The New York Times’s T magazine, has announced that she’s leaving the magazine after almost a decade “to pursue opportunities in theater.” My partner Lauren Sherman notes that Hanya is “one of the last editors who could do just about anything she wanted”—and the Times let her.

    “The question now is whether Joe Kahn and Sam Dolnick … will start bothering with the title,” Lauren wrote yesterday in Line Sheet. (Sign up here.) “There is a scenario, albeit unlikely, in which they move all style coverage under one entity, which would presumably be overseen by Stella Bugbee, the Styles editor once considered for the magazine job. … The Wall Street Journal just underwent a similar reorganization, with WSJ. editor Sarah Ball put in charge of all features. But the Times is not the Journal.”
  • And finally…: A little plug for L.A. Material, a new local news site launched by a team that includes L.A. Times veterans Julia Turner and Julia Wick, as well as Sarah Wick, the former C.O.O. of Crooked Media. The site gained some early traction this week with Julia Wick’s deep dive into the L.A. mayor’s race, which has been a top talker out here. As it turns out, L.A. is a very big media market that has long been notoriously underserved—an insight the Murdochs also recently gleaned. Gratitude to anyone trying to fill the void.
 

The ITR Index

47.4 percent and 41.9 percent: The share of viewing time in the U.S. last month for linear TV and streaming, respectively, according to Nielsen—a momentary reversal from recent months in which streaming outperformed linear.

And now, the main event…

CNN’s Open Mic Night

CNN’s Open Mic Night

The new set for Anderson Cooper’s AC360 has all the trappings of a 1950s radio show, with retro mics and paper maps. While C.E.O. Mark Thompson may be overseeing a makeover that skews creator-relatable, it undermines CNN’s news authority, especially during a war. At least Twitter enjoyed it.

Dylan Byers Dylan Byers

This week, in the span of about 10 minutes, I received texts from three current or former CNN employees alerting me to an abnormal programming tweak. “Turn on CNN,” said one. “What the fuck is that set?”

On air, Anderson Cooper and two guests were seated at a table speaking into massive desk microphones that channeled Edward R. Murrow. Anderson’s jacket was off, his sleeves were rolled up, tie loosened, and monitors filled the backdrop. Yet rather than relying on those sophisticated technological assets for the network’s coverage of the war in Iran, the producers would cut to a bird’s-eye view of the table itself, upon which lay a physical map of the Middle East.

These avant-garde innovations, which a network spokesperson described as “an experiment,” were inspired by a meeting with content leaders in which CNN C.E.O. Mark Thompson alluded to the old Murrow broadcasts—a cigarette in his mouth, a pile of papers on the desk—and noted that it gave the air of a real journalist doing real journalism. The experiment continued on Friday when a jacketless Jake Tapper broadcast from his own office—which, as the CNN kremlinologists know, is adorned with old campaign posters of losing presidential candidates.

On some level, Mark shouldn’t be faulted for testing new formats. CNN’s programming has grown listless, its ratings dismal. Why not shake it up? Still, his instincts here have opened him up to predictable ridicule. “If only there were a cutting-edge solution for getting good audio that didn’t involve a massive mic under your chin,” Joanna Stern, the technology journalist, sniped on X. “Perhaps one day a television network will gain access to such innovations.” “Who is this for?” several users asked when I noted Jake’s forthcoming office hour. Tim Miller, the reliably punchy Bulwark pundit, said he was “looking forward to John Berman from the bathroom stall.”

In some ways, this stunt was merely the latest hallucination of the late-stage cable news industry’s inescapable vertigo. In an era when producers and network chiefs are licensing straight-to-video, YouTube-ified podcasts to fill airtime and slim down the P&L, CNN is paying its most handsomely compensated anchors to mimic the formula. And at moments like these, it’s important to distinguish innovation from bad ideas.

Casual Tees

It may be giving the 1950s, but Mark’s experiment is telegraphing a very present-day anxiety about cable’s diminishing influence in a cultural firmament where social media and podcasts are dominant. It’s the same apprehension that inspired ESPN to license Pat McAfee, and, more recently, inspired MS NOW to ink a similar deal with Jon Lovett & Co.’s Crooked Media. If the creator era rewards informality and authenticity, the thinking goes, then Anderson and Jake need to be more informal and authentic. In the last decade, Jay Shaylor, the executive producer of The Situation Room, forbade guests from wearing denim pants on set (I learned the hard way), but Mark wants Jake to lean into his jeans-and-Nikes Philly guy persona.

Authenticity matters more than ever in media, but this is almost certainly the wrong execution. CNN needs fresher programming on linear and digital, to put it mildly, but it won’t get there by dressing down its most authoritative TV talent—and it almost certainly shouldn’t attempt to do so during a war, when CNN’s production value and professionalism is most valued. By squeezing TV people into the influencer mold, the network runs the risk of making its best anchors look like Regina George’s mom. It has also inspired some reconsiderations of Mark’s programming acumen, which until now was considered at least marginally better than that of his predecessor. (If CNN wants podcast energy, it would do better to go out and acquire or license genuinely good podcasts.)

In a stroke of cosmic timing, Mark’s experiments happened to coincide with Bari Weiss’s decision on Friday to shutter CBS News Radio, home of those smoky newsrooms where Murrow got his start. (One observer quipped that CNN might look to inherit the old mics.) But, of course, CNN and CBS News are on the cusp of being combined, and, as I’ve reported, will likely soon rely on the same back-end infrastructure. Both networks are sorely in need of programming innovation and, yes, experimentation—but their success still relies on playing to their strengths. Any sucker can sit at a table in their office and talk into a microphone.

That’s where these experiments ultimately fall flattest. People who want to get their news from influencers and content creators have an almost infinite fount of them at present. And anyone who has spent any time in a newsroom in the last decade or three knows that the problems plaguing the business are both fundamental and foundational. Aesthetic tweaks aren’t going to cut it.

 

See you next week,
Dylan

P.S.: In my Wednesday email, I wrote that News Corp was projecting to net $1 billion in EBITDA within five years. I meant to say that they project their Dow Jones division to net $1 billion in EBITDA. Apologies for the error.

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