ABC News Network

Caught this story that seemed interesting to me.. CNN, MSNBC, Headline news all are having ratings declines and Disney decides to jump into the 24 hour news business. Check out this Forbes.com story.

http://www.forbes.com/technology/feeds/general/2005/01/24/generalcahners_2005_01_23_eng-cahners_dv_eng-cahners_dv_230048_8108630874137489308.html

To me it just doesn’t make sense. ABC News by itself seems to be loosing money and now network news in general has had problems. So now ABC luanches this network and states they will re-use the people from ABC News which doesn’t seem wise..