A.P. reports today that CNN will shut down its struggling CNNfn financial news network in mid-December, giving up its attempt to compete with CNBC after nine years.
A handful of programs will be shifted to the main network.
Lou Dobbs, a former CNNfn star.
Besides CNBC, CNNfn has also competed with Bloomberg TV, which airs some of its financial news on the USA network in the morning hours.
CNNfn is part of Time Warner Inc., while CNBC is owned by General Electric Co.
Clyde Hogg says
CNN HAD a financial version of the network?
That probably came as a surprise to Bloomberg and MSNBC.