[Ed. – Estimates for office pool on when CNN goes under now being taken.]
The failing network known as CNN lost a massive lawsuit that has lasted over a decade and 1/2.
The lawsuit which started back in 2004 reached the court system went over 200 camera operators technicians, and broadcast engineers sued CNN when it laid them off and brought in nonunion in-house staff production. Then arrogantly, refused to negotiate with the employees union which laid the groundwork for this lawsuit.
We have been hearing a lot of reports that CNN was laying off staff, and I am pretty sure paying out $70 million is one of the causes.
CNN has been losing viewers over the last couple of years because of their anti-Trump rhetoric and programming. On 4 July, they spent the better part of the day trashing Pres. Trump over his speech, which turned out to be a patriotic homage to America and its past.