CNN President Jeff Zucker apparently faces an “uncertain future”. At least, that’s according to a report by the New York Post.
In it, if AT&T’s acquisition of Time Warner, CNN’s parent company, is approved by the Justice Department, it is looking to “neutralize” Zucker.
All due to the recent controversies. And who could really blame them?
The telco has decided to make the move after CNN has come under fire in recent weeks for highly publicized missteps — including botched reports tied to the federal probe of possible collusion between President Trump’s campaign and Russia, according to three sources familiar with the thinking of AT&T brass.
The missteps — which also include a profane anti-Trump tweet by Reza Aslan, a CNN host — have made CNN too polarizing an asset for execs at the blue chip telecom giant, a source said.
Not only is termination a possibility, another option reportedly being considered is giving Zucker an executive position with no real power. Or CNN is just sold outright.
This would allow Zucker to walk away while cashing in beg time with the Time Warner stock.
According to an AT&T statement:
“We value all of Time Warner’s assets and strongly believe that the combination of our two companies will help ignite a new wave of innovation in media and entertainment.”
After the Post‘s report was published, CNN commented that Zucker was not in danger of being fired.