3-24-20 How to Become a Trillionaire
Nearing Midnight: How to Become a Trillionaire
A couple years back, I wrote an article that explained how easy it would be for someone to start a conservative news service and become very wealthy. This process could be streamlined by buying the likes of CNN, firing all the liberal reporters and replacing them with a conservative news staff. With about 90 percent of all news organizations in the hands of leftists, a network that catered to viewers on the right would certainly be an instant hit.
If someone purchased CNN and had no political bias, they could easily improve the financial health of the network. I'm amazed that anyone would watch a network that fixates on attacking Donald J. Trump. As CNN's ratings have drifted lower, the company shareholders seem oblivious to the loss of viewers. In fact, CNN's head, Jeff Zucker, was recently rewarded with a new title of chairman of Warner Media News. He was also given a big fat pay raise.
Before Fox News came on the scene, CNN had up to 4 million views during primetime. Over the years, the network bled viewers as it transformed into a leftist propaganda mill. Through the first five months of 2019, CNN had a daily average of 654,000 viewers - down 8% from a year ago, compared with 1.39 million for Fox News (down 3%) and 1.02 million for MSNBC (up 3%).
I know President Trump likes to mock CNN for its rating decline, but the network will never face a financial peril. About 70% of CNN's revenue comes from carriage fees from cable and satellite operators, which continue to grow even as more consumers cut the cord. S&P Global Intelligence said CNN took in $974 million for its flagship channel in 2018, up nearly 7% from the previous year.
Another thing that protects news outlets like CNN is their sacred crow status. AT&T is the current parent company of CNN, and gives management a free hand in what so-called news it decides to air. Zucker told The Los Angeles Times in an interview that AT&T has respected CNN's independence. Last year, AT&T donated money to the Committee to Protect Journalists, an organization that defends press freedom around the world.
There was a time when network officials on various levels were very watchful of ratings and content. When ABC broadcasted the variety comedy show Turn-On, a racier derivative of Rowan & Martin's Laugh-In, the show's strong sexual and political humor got the show cancelled after airing that single episode. At least one station (WEWS in Cleveland, Ohio) did not return to Turn-On after the first commercial break, and others on west-coast delay refused to air it at all.
CNN is into its second decade of declining ratings and journalistic standards. I don't know of any other non-government business outside news that has been so poorly managed.
The rapid growth of the internet has created the opportunity for firms to achieve vast amounts of wealth. During the past year, several high-tech companies achieved a market cap of one trillion dollars. All of them are in areas where the majority of their employees voted for Hillary Clinton in the last presidential election.
If a fairly rich or ingenious person was to create a conservative version of Facebook, Google, YouTube, and various other social media sites, they could very likely create a trillion-dollar corporation. As they would steal away traffic from the current giants, I predict they would have the same reaction that CNN had when Fox News stole half of its viewers within the first few years. They would conclude that they need to become more leftist in what content they allow on their platforms.
In a normal world, someone would have probably already decided to build a media site that would appeal to 80 million evangelical Christians in North America. Every time a rich person has gotten the idea, Satan must have come along and told him it wouldn't work. I live in a community that had four primary chicken restaurants, and someone had the forethought to decide Benton, AR, needed one more.
The media's obsession with spreading its demonic leftist agenda, with no regard for money, shows the true importance of salvation in Christ. Satan's minions want power, wealth, and fame; but their greatest impulse is to help their master steal your soul.
It will be a long time before any one individual will become a trillionaire. Jeff Bezos of Amazon got up to $148 billion before his divorce knocked him down to $111 billion. Once all believers are raptured home to glory, I'm sure the value of our heavenly mansions will put Bezos to shame.
"Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. But store up for yourselves treasures in Heaven, where moth and rust do not destroy, and where thieves do not break in and steal. For where your treasure is, there your heart will be also" (Matt. 6:19-21 NIV).
Comments