Largest In History: CNN Pays $76 Million Settlement With National Labor Relations Board

Is CNN going to survive?

After record-low ratings in the wake of their fake news blunders, it appears as though they may have just been dealt a mortal blow.


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Apparently the "Fake News Network" will be shelling out the largest payout that the National Labor Relations Board has ever been able to acquire, $76,000,000. 

From Reuters:

(Reuters) - WarnerMedia’s news channel CNN, owned by AT&T Inc, on Friday agreed to pay $76 million in backpay to settle a long-standing dispute over the termination of a contract with camera operators Team Video Services (TVS).

The settlement would bring an end to an over 16-year-long dispute that began when CNN canceled the contract with TVS without consulting the two unions representing the employees, and hired new ones to perform the tech work at its bureaus in Washington D.C. and New York City.

The settlement is the “largest monetary remedy” in the history of the National Labor Relations Board (NLRB), NLRB said.

After a judge found the channel’s actions violated the National Labour Relations Act, NLRB had ordered CNN to bargain with the unions and provide backpay in 2014.

This wearisome wallop comes after a year of devastating ratings and embarrassing swipes from the President, who has successfully awarded them with the moniker, the Fake News Network.

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Their downward spiral was so bad in May that it became ACTUAL news:

From Forbes:

CNN's prime time hosts can only hope it will be better in the new building.

As CNN prepares to move its prime time studios and operations to a glitzy new building at New York City's brand new--and widely reviled--Hudson Yards development, the network saw its prime time lineup drop 26% in April compared to the same month one year ago. CNN's total audience in prime time was well under a million viewers--767,000--while competitors MSNBC and Fox News finished the month far ahead: MSNBC in second place overall with 1.660 million total viewers, and Fox News leading all of cable with a total audience of 2.395 million.

But that's not all.

The negative press was so bad that people started speculating that they would need to close their doors permanently- it resulted in the need for Snopes to create an article entitled "Is CNN Permanently Closing Their Doors After a Ratings Plunge of 30 Percent?"

From Snopes:

Due to the network’s critical reporting on the actions of his administration, President Trump has frequently singled out CNN as one of the worst offenders in what he calls the “fake news media.” The practice has also been taken up by web sites such as Your News Wire and Breitbart, both of which have rushed to attribute CNN’s falling ratings to a “massive credibility problem.” However, a recent poll conducted by Monmouth University found that despite a general consensus that even traditional media outlets engage in some so-called “fake news” reporting, roughly half of Americans say they still trust CNN more than Trump as an information source. (Adweek‘s reporting did not speculate on the putative causes of CNN’s ratings blip.)

In any case, despite its year-over-year decline, CNN remained the seventh most-watched cable network in (terms of total-day viewership) for the week in question, and the eleventh most-watched in prime time.

Uh, excuse me? 

If CNN is the eleventh most-watched show in prime time for US cable news, then how many US cable news shows are there?

According to Wikipedia, there are 12 (Fox News, MSNBC, CNN, The Blaze, Free Speech TV, Fusion, Info Wars, Newsmax TV, NewsNet, Newsy, One American News Network, and and RFD-TV).

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Hmm... 11th out of 12 doesn't seem like they are doing as well as Snopes wants us to think?

Does that put it into perspective for you?

And all of those woes occurred BEFORE they were sideswiped with the $76 million dollar National Labor Relations Board judgement.

Looks like the Fake News Network is finally answering for their fake news crimes.

Do you agree?

Leave your thoughts in the comment section below!