In 2023, CNN ousted CEO Chris Licht after just a year on the job. His goal was to restore CNN’s bipartisan credibility as the most trusted voice in news. But the plan backfired, leaving CNN scrambling to keep up with rivals Fox News and MSNBC. Dylan Byers, senior correspondent and founding partner at Puck, shares more on what happened that year, and what the future of CNN (and cable news as a whole) may look like.  Later, Elaine Low of The Ankler shares an update on the television industry at large, and what the legacy media networks are doing to survive in an era where streaming is king.  Also mentioned in this episode: The Battle for Paramount | Reinventing an Empire Listen to Business Wars on the Wondery App or wherever you get your podcasts. Experience all episodes ad-free and be the first to binge the newest season. Unlock exclusive early access by joining Wondery+ in the Wondery App or on Apple Podcasts. Start your free trial today by visiting wondery.com/links/business-wars/ now. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In the 1970s, a pair of brothers and their longtime friend begin smuggling cocaine from their home city of Cali, Colombia into the United States. They quickly establish a complex but highly efficient system for importing and distributing vast quantities of the drug, creating what becomes known as the Cali Cartel. Laundering their money through legitimate businesses in Colombia, the men from Cali become extremely wealthy. Soon, other budding entrepreneurs in Colombia take notice. The most ambitious among them is a young man named Pablo Escobar. He wants his organization, based out of Medellin, Colombia, to surpass the Cali Cartel as the biggest importer of cocaine into the United States. Check out the new TV series 'Hotel Cocaine' that inspired this season of Business Wars only on MGM+. Click here to get 50% off your first month: https://www.mgmplus.com/wondery. Listen to Business Wars on the Wondery App or wherever you get your podcasts. Experience all episodes ad-free and be the first to binge the newest season. Unlock exclusive early access by joining Wondery+ in the Wondery App or on Apple Podcasts. Start your free trial today by visiting wondery.com/links/business-wars/ now. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.