CNN To Be Sold to CBS?


For years and years, there was always talk about CBS buying CNN from Time Warner. The rumors seem to heat up and then they die off.

Well, let's crank up the rumor mill one more time.

FTVLive hears that CBS is once again in talks about purchasing CNN.

It makes perfect sense for CBS wanted to get their hands on a cable news operation and CNN is the perfect fit.

Word is that some of the staff reductions inside CNN is all part of readying the network for a sale. 

Also, you may recall that last month when Time Warner  showed plans to move out of its headquarters from Columbus Circle to a new, 80-story skyscraper on the Far West Side of Manhattan. 

The most interesting thing was what was not said. There was never any talk about CNN making the move to the new building. 

The sale could be the best thing to happen to the now floundering CNN. CBS parent Viacom has the cash and the resources to bring CNN back from the abyss. 

Crank the rumor mill up a few notches and keep and eye on this. It looks like the rumor might just turn out to be true this time. 

Stay tuned....