http://www.broadcastingcable.com/article/CA6374608.html&referral=suppThere has been speculation for months about MSNBC’s future as a 24-hour cable news channel—or, maybe more to the point, its lack thereof. But one indication may have come last July, when the 10-year-old network launched a newsmagazine, MSNBC Investigates. From what I’ve heard coming out of 30 Rock lately, that may be a sign of things to come.
Word is that the perennial also-ran in cable news is considering the possibility of virtually dropping out of the live-news business and devoting itself entirely to taped, newsmagazine-style programming —much of it likely repurposed from NBC News. In other words, “The Dateline: NBC Channel.”
That’s just one option under consideration. But that such a drastic idea is even on the table speaks volumes about the state of the cable news business.
If such a modification occurs, it would certainly mean changes for MSNBC’s business-news sibling, CNBC. One scenario has successful MSNBC personalities Chris Matthews and Keith Olbermann moving their respective acts to CNBC in the hopes of turbo-charging its ratings-challenged primetime. In this case, NBC News still would have both channels at its disposal should it want to go live 24/7 in the event of a terrorist attack or a major natural disaster.
Whether NBC News will choose such a dramatic course of action is a subject of debate in the industry. Naysayers argue that the challenge of transforming MSNBC into a newsmag channel doesn’t make sense from either a production or an economic standpoint. Indeed, the cost of such a transformation would fly in the face of NBC’s efforts to wring tens of millions of dollars in cuts out of the news division.
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The unspoken truth in all of this speculation is that there are simply too many all-news networks and only so many people to watch them. No. 1 Fox News has seen its year-to-date ratings in primetime fall 29%—and that’s not because any of its cable-news competition has stolen away a huge share. CNN’s primetime ratings are down by 23%, while MSNBC is basically flat.
One problem is their damn taped prison and crime shows actually get better ratings than the live programming for Hardball, Countdown, and Scarborough. Damn I hate those Nielsen families. They must pick morans to be Nielsen families.