Cable News Talent Wars Are Shifting To Streaming Platforms

The vacancies at cable news companies are piling up as networks and journalists begin to eye streaming alternatives. Axios reports: Why it matters: Primetime cable slots and the Sunday shows are no longer the most opportunistic placements for major TV talent. Driving the news: Long-time "Fox News Sunday" host Chris Wallace is leaving the network after nearly two decades, he announced Sunday. He will be joining CNN as an anchor for its new streaming service, CNN+. Wallace will anchor a new weekday show and will contribute to the network's daily live programming, per CNN. It was his decision not to renew his contract with the network, which expired this year, CNN's Brian Stelter reported. The big picture: Wallace marks the latest in a string of cable news host departures and shakeups in the past few weeks and months. There are now several holes cable bosses will need to fill in coming weeks. [...] Major networks are investing heavily to lure talent to streaming alternatives in light of the decline of linear television. CNN hired NBC News veteran Kasie Hunt as an anchor and analyst for CNN+, reportedly for a salary of over $1 million. It's hiring hundreds of new roles for the streaming service, set to launch next quarter. NBC News has already hired the majority of the 200+ new jobs it announced over the summer for its new streaming service and digital team, a top executive confirmed to Axios last month. One of its linear TV anchors, Joshua Johnson, moved full-time to host a primetime streaming show for NBC News Now. Fox News launched a new weather-focused streaming service in October. A Fox executive said last week the company is prepared to migrate Fox News to a streaming platform when the time is right. CBS News changed the name of its streaming service recently from CBSN to "CBS News" to represent a new streamlined vision for streaming. "TV networks won't stop seriously investing in linear news programs until sports move out of the cable bundle, and that won't be for another few years," adds Axios.Read more of this story at Slashdot.
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