CNN is an American television news network, the first 24-hour news channel on television.
CNN is owned by the media conglomerate Time Warner, under the Turner Broadcasting division. It includes a number of specialized channels, including HLN (formerly known as Headline News), and CNN International.
CNN was founded in 1980 and soon became extremely influential within broadcast journalism, essentially inventing the 24-hour news network and even affecting U.S. foreign policy through its impact on public opinion.
About half of CNN’s revenue comes from cable subscription fees, while the other half comes from advertising and other sources. Digital advertising and sales account for about 10 percent of the network’s revenue. CNN says its profits have been in double digits each year since 2004, though it has not provided exact figures. It was reported to be on track for a record $600 million profit in 2012. Its gross advertising revenue was reported to be $379.5 million in 2012, making it the 23rd-largest basic cable network in that category. In 2014, Turner Broadcasting announced it would offer 600 buyouts across its properties, with layoffs expected to follow.
CNN’s most prominent personalities include Anderson Cooper, Wolf Blitzer, Jake Tapper, and John King.
CNN’s ratings fell sharply after the 2008 elections, dropping to third among American cable news networks, behind Fox News and MSNBC, and continuing to fall since then, with primetime ratings hitting a 21-year low in 2012. It does retain relatively strong viewership outside of primetime, and during breaking news events. NBC veteran Jeff Zucker was named CNN’s top executive in 2013 and began emphasizing somewhat lighter news and opinion, eventually proposing a shift away from news in prime-time. This drew accusations of tabloid journalism, though ratings began to improve.
As its competitors have moved toward opinion and advocacy journalism, CNN has emphasized its non-ideological approach, billing itself as “the only credible, nonpartisan voice left.” That approach has been criticized by some for creating a forced, false balance between viewpoints or as lacking an identity. Others have praised CNN’s fact-based philosophy, particularly in the wake of breaking news. More recently, however, CNN’s coverage of breaking news has been criticized, especially after it reported erroneous information after the Boston Marathon bombing of April 2013.