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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