Covid-19 has been ‘really good’ for CNN’s ratings, WarnerMedia CEO says at Morgan Stanley conference
While Covid-19 has claimed more than 2.5 million lives worldwide, the chief executive at CNN’s parent firm is looking on the bright side, telling a virtual audience the pandemic has been “really good” for the outlet’s ratings.
Jason Kilar – CEO of WarnerMedia, which owns the cable network – appeared at Morgan Stanley’s “Technology, Media and Telecom” virtual conference on Thursday, where he was asked about CNN and whether it could keep up its current “momentum.”
“I'd say that it turns out that pandemic is a pretty big part of the news cycle, and that's not going away anytime soon,” he replied, adding “if you take a look at the ratings and the performance, it's going well. And I think it's going well because, A, the team at CNN is doing a fantastic job.”
And B, it turns out that the pandemic and the way that we can help inform and contextualize the pandemic, it turns out it's really good for ratings.
The CEO also noted that “from a political drama perspective,” the virus has been “good for our society” in “many ways,” though did not offer any examples or elaborate further.
As his remarks raised eyebrows online – helped along by a tweet from the Wall Street Journal’s Joe Flint – Kilar voiced regret over the candid admission, telling Flint “I wish I could go back and be more thoughtful about my communication” and that he would “like nothing more than for this pandemic to be well behind us.”
“I am sorry for the sentence and for uttering it. My apologies. Thx for highlighting it and holding me accountable,” he added in a second reply.
I agree Joe. I would like nothing more than for this pandemic to be well behind us. I mean that with every fiber in my body. I wish I could go back and be more thoughtful about my communication.
CNN’s coverage has taken a particularly dire tone throughout the viral outbreak, especially as it related to former president Donald Trump’s pandemic response. Last summer, its chief medical correspondent Sanjay Gupta told viewers he had “no problem being an alarmist” while reporting on the health crisis – though did not disclose at the time, as Kilar did on Thursday, that such alarmism was “really good” for business.
The CEO also said WarnerMedia’s other properties have weathered Covid-19 well, telling the banker-hosted conference he feels “great” about the future of its film studio.
“Keep in mind, we're one of the few, and in fact I'd argue we're the only studio that's providing a steady stream of amazing movies to movie theaters throughout the pandemic. No one else is doing that like we're doing,” he said.
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