MSNBC faces uncertain future amid Comcast sale and Trump election win

 

MSNBC faces uncertain future amid Comcast sale and Trump election win

 

Comcast is spinning off the cable news network and Elon Musk has joked about buying it – what does the future hold?

 

Eric Berger

Sun 1 Dec 2024 07.00 EST

https://www.theguardian.com/media/2024/dec/01/msnbc-comcast-cable-news-for-sale-elon-musk-trump

 

For years, the cable news channel MSNBC has been a reliable liberal voice in the US media landscape, but amid the return of Donald Trump to the White House and its own business upheavals the network is now in crisis.

 

The world’s richest man, and close Trump ally, Elon Musk has even – possibly jokingly – repeatedly publicly touted the idea of buying MSNBC after the parent company of the channel, Comcast, recently revealed that it would spin off the cable news network.

 

Audience fatigue with Trump’s re-election and high-profile MSNBC hosts’ potential missteps in reaction to that event could make it difficult for the new company to boost the channel’s ratings, which were already declining before the election, and continue providing a leftwing perspective on global events, US media analysts told the Guardian.

 

The negative reports about the channel over the last month are just the latest examples of an established US media company struggling to find its footing as people continue to drop cable television packages and instead use streaming services.

 

But the particularly sharp recent ratings decline and reports of Musk perhaps buying the network could make it especially difficult for high-profile programming such as Morning Joe and The Rachel Maddow Show to continue providing a progressive alternative to Fox News, the analysts say.

 

During Trump’s first term, “MSNBC really stood as a center for resisting and critiquing Trump,” said Kathryn Cramer Brownell, associate professor of history at Purdue University and author of 24/7 Politics: Cable Television and the Fragmenting of America from Watergate to Fox News.

 

“It remains to be seen if they are able to forge an identity and a political viewership in opposition to Trump or not,” she added.

 

In 2016, an average of 4.2 million people tuned into CNN, Fox News and MSNBC, according to the Pew Research Center. In 2022, that number decreased to 3.8 million.

 

MSNBC briefly saw a significant ratings increase during the 2020 tumult of the Covid-19 pandemic, Black Lives Matter protests and presidential election, but they later again declined.

 

In October, the Comcast president said the company was considering spinning off its cable networks, including CNBC and MSNBC into a separate company. Then last week, the company made an official announcement.

 

Since election day, MSNBC has averaged about 521,000 viewers each day, a 38% decrease from its 2024 average before 5 November, according to data from Nielsen.

 

Then Morning Joe hosts Mika Brzezinski and Joe Scarborough visited Trump at his Mar-a-Lago resort to speak with him about “abortion, mass deportation” and his threats of “retribution against political opponents and media outlets”, Scarborough said on air about the meeting.

 

“We didn’t see eye-to-eye on a lot of issues, and we told him so,” Scarborough said, but they agreed to continue a dialogue.

 

Afterwards, the hosts faced a significant backlash and ratings decrease.

 

“They made a fundamental business error,” Jeff Jarvis, a journalism professor and author, said. “There is now a large new ecosystem of independent media, and people left the Washington Post and they are leaving MSNBC, and that worries me.”

 

Brownell said she was not surprised by the morning show hosts meeting with the president-elect.

 

“Media businesses frequently rely on cultivating relationships with political leaders and presidential administrations. It’s part of how they remain relevant,” she said. “But you can see the backlash with a show that kind of leans left and relies on those critics of Trump as their audience members.”

 

The future of such shows is also uncertain because of Comcast’s decision to spin off the cable news networks along with channels such E!, USA and the Golf Channel into a separate company.

 

“When you look at our assets, talented management team and balance-sheet strength, we are able to set these businesses up for future growth,” said Brian L Roberts, chairman and CEO of Comcast.

 

After the announcement, Donald Trump Jr, joked on X that Musk should buy MSNBC, to which Musk replied: “How much does it cost?”

 

A spinoff does not mean the company is for sale. Musk, who owns X, was one of Trump’s biggest backers this election and is now reportedly part of his inner circle, had previously described MSNBC as the “utter scum of the Earth”.

 

CNN reported that billionaires with “liberal bona fides” have also expressed interest in buying MSNBC.

 

“I fear that [Musk] could try to buy MSNBC, and I fear that Comcast could be immoral enough to sell it to him,” Jarvis said.

 

Even if one of the liberal billionaires buys the network, its ability to be profitable in the long-term while providing left-leaning news and commentary is uncertain as people stop subscribing to cable.

 

But after the 2016 election and the victor’s constant attacks on the media, many news organizations, including MSNBC, got a so-called “Trump bump”.

 

Could that happen again once he takes office?

 

“If there is a Trump bump, I suspect it will be delayed,” said Marty Kaplan, who holds the Norman Lear Chair in entertainment, media and society at the USC Annenberg School for Communication and Journalism. “It may take a few beats for doomscrollers to get past the nausea. On the other hand, a media fast may be a popular new year’s resolution.”

 

Even if the cord-cutting and recent events do lead to MSNBC’s demise, Brownell said she sees podcasts doing great journalism and thinks “the diversifying media landscape opens up a lot of possibilities”.

 

“The challenge is the economic issue. How do you fund and sustain some of these other alternative journalistic projects?” she said. “You can have nonprofit organizations step in, foundations. It’s an opportunity to be creative … [and rethink] economic approaches to funding really good and hard-hitting and necessary journalism.”