CNN’s transformation says a lot about what is working today in television

Last year median prime-time ratings for Fox News, CNN and MSNBC declined by between 6% and 24%. The picture is not much brighter for business-news networks, such as CNBC. There is a “ceiling” to how many people are getting their news from television today, says Amy Mitchell of the Pew Research Centre’s Journalism Project. More people are turning to the internet. CNN's critics point to its weak ratings but it remains immensely profitable. Last year it made an estimated $340m on revenues of $1.1 billion, according to SNL Kagan, a research firm.

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New web domain names hit the market

Over 1,000 new generic top-level domain names (gTLDs) are set to join the 22 existing ones, such as .com and .org, and the 280 country-specific ones, such as .uk, that now grace the end of web addresses. The Internet Corporation for Assigned Names and Numbers (ICANN), the non-profit organisation that manages the web’s address book, reckons this will boost competition and innovation. It will also increase the cost to businesses of protecting their brands.

Read more at the Economist