President Trump keeps calling CNN fake news, but his administration’s positive effect on the cable news network’s business is real.
CNN President Jeff Zucker said Thursday that the recent ratings lift fueled by viewer fascination with the early days of the Trump presidency is putting the Turner Broadcasting unit on track for another record year of profitability.
“There is a tremendous amount of interest,” Zucker said during a press lunch held Thursday.
Zucker said CNN has set new highs in profit in the last three years, and 2017 will be no different. The network budgeted for a 25% decline in ratings for 2017 because 2016 was boosted by the unpredictable and often...