Cable news ratings are in sharp decline, public trust in journalists is at all-time low, and one of the most famous names in the media business is in a post-pandemic C-suite crisis ahead of an important midterm election.
But the money keeps rolling in, at roughly a billion dollars a year in profit to its parent company, AT&T’s WarnerMedia, while data-driven content decisions push the network toward tabloid-like obsessions and a tone rooted in exaggeration and alarm.
