If what the New York Times reports is true, CBS has been talking to Time Warner to “outsource some of its news-gathering operations to CNN.”
The NYT sources the story to “two executives briefed on the matter,” who wish to remain anynomous due to “the confidential nature of the negotiations.” These executives say CBS is considering reducing the network’s newsgathering capacity, keeping its “frontline personalities,” like Katie Couric, and paying a fee to CNN to buy the cable network’s news feeds. Or… keep some CBS correspondents, pairing them with CNN crews.
The discussions are allegedly being led by CBS News President Sean McManus and Jim Walton, president of CNN.
But according to the Hollywood Reporter, CBS News denies it’s striking a deal with CNN to outsource their newsgathering.