{"id":626304,"date":"2026-05-06T06:10:10","date_gmt":"2026-05-06T06:10:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/626304\/"},"modified":"2026-05-06T06:10:10","modified_gmt":"2026-05-06T06:10:10","slug":"barry-diller-wants-to-buy-cnn-before-they-ruin-it-any-further-hopefully-before-its-extinct","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/626304\/","title":{"rendered":"Barry Diller Wants To Buy CNN “Before They Ruin It Any Further”: “Hopefully Before It’s Extinct”"},"content":{"rendered":"

\n\tBarry Diller<\/a> is weighing in on CNN<\/a> and is open to buying the news organization before it\u2019s too late to salvage.<\/p>\n

\n\tDuring an appearance at The Wall Street Journal\u2019s Future of Everything Festival, Diller made the bold claim about the news network.<\/p>\n

\n\t\u201cAbsolutely, I would do it tonight and tomorrow night,\u201d he said, according to TWSJ<\/a>. \u201cBefore they ruin it any further. Hopefully, before it\u2019s extinct, which, I mean, it\u2019s not gonna be.\u201d<\/p>\n

\n\tDiller added that CNN is \u201cso ripe\u201d for innovation and noted that they have invested in becoming a digital property, but he thinks it needs more investment in its on-air programming.<\/p>\n

\n\t\u201cSo how they do that and navigate also running the surviving businesses\u2026I don\u2019t know,\u201d he said.<\/p>\n

\n\tCNN is currently owned by Warner Bros. Discovery, with Paramount agreeing to buy and merge<\/a> the company in an $81 billion deal. If the merger goes through, Diller noted that the cuts will be a \u201csavage process.\u201d<\/p>\n

\n\tDiller is familiar with restructuring and layoffs, as his Interactive Corp. (IAC) is renaming itself People Inc.<\/a> and making drastic cuts.<\/p>\n

\n\t\u201cWe\u2019re transitioning the necessary staff of IAC into the corpus of People,\u201d Diller wrote in a memo to staff on April 28.\u00a0\u201cThat will significantly reduce\u00a0our overhead.\u201d<\/p>\n

\n\tThe layoffs are expected to affect several dozen corporate staffers, generating $40 million in annual run-rate cost savings, the company estimates.<\/p>\n

\n\tIn the memo, Diller also said, \u201cI plan to continue to do what I have done here for years as Chairman and Senior Executive\u2014be an advisor, instigator, stimulus, and sometimes irritant to the process. \u00a0I will also continue to oversee our MGM investment.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Barry Diller is weighing in on CNN and is open to buying the news organization before it\u2019s too…\n","protected":false},"author":2,"featured_media":626305,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[138312,28,15284],"class_list":["post-626304","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-barry-diller","tag-business","tag-cnn"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/626304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=626304"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/626304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/626305"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=626304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=626304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=626304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}