Cable News Network which is popularly known as CNN is an American news and information delivery company. It was established to run as a 24-hour news channel by its founder Ted Turner, is owned completely by the American entertainment conglomerate Time Warner. In the initial years, it faced a lot of competition from the already established American news Channels – ‘Big Three’ (NBC, CBS and ABC) but CNN successfully delivered several important news such as Gulf War, September 11 attacks before any other news channels and thus established a reputation for itself.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
1922 – the year BBC (British Broadcasting Corporation) made its first broadcast remains a significant milestone in the field of broadcasting business all over the world. Oldest and the largest – these are the attributes everyone would use in their description of the legendary British Broadcasting Corporation a publicly service broadcaster. Having Started its journey as private organization it later turned to a public service organization.
2. CBS Corporation:
CBS Corporation is one of the biggest competitors of CNN.
Owned by NBC universal news group, a subsidiary of NBC Universal, major shares of which are held by ComCast, CNBC is an American basic cable, internet and satellite based business news television channel providing its viewers with insights on global market and financial news. On non-trading days however, it primarily telecasts financial or business-themed documentaries and reality shows. CNBC is headquartered in Englewood cliffs, New Jersey.
Sky UK Limited is a telecommunication company. The firm operates in the United Kingdom. In the past, the company was known as British Sky Broadcasting (BSkyB).
5. 21st Century Fox:
21st Century Fox, Inc is a globally celebrated name in the media industry. Earlier the company was famous as News Corporation. The company is one of the big-names of the world’s leading entertainment firms.
Forbes is one of the biggest competitors of CNN.
To conclude, the above article highlights the various competitors which compete with CNN. This understanding helps to evaluate the various external business factors for any company.
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