CNN Sees Facebook As Major Competitor

 By 
Jennifer Van Grove
 on 
CNN Sees Facebook As Major Competitor
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In a recent question-and-answer session with BusinessWeek, Klein specifically states, "We want to be the most trusted source," and, "I'm more worried about the 500 million or so people on Facebook versus the 2 million on Fox."

The intriguing statements come just weeks after Hitwise released data showing that Facebook's new role is becoming that of a news site. As a news portal and discovery engine, Facebook has the power to make or break a story, a power that clearly threatens the rank and file of the old media elite.

Where we discover news is no doubt changing, but that's not all bad news for CNN. We tend to think that the power wielded by newsies on Facebook could prove to be an advantage for CNN should the network really cater to the social networking crowd.

For example, in recent months we've seen the ratings of award shows skyrocket; part of the ratings bump correlates with web denizens experiencing the televised broadcast with their friends, family and followers online. It would seem logical then that TV and online can coexist in a mutually beneficial relationship.

As for CNN's immediate future, Klein's comments also indicate distinct strategies for web and broadcast. Moving forward the company plans to continue with video content on CNN.com and ramp up affiliate deals with the likes of HBO and Time Inc.

So where do you get your news: CNN or Facebook?

Disclosure: Mashable has a content syndication partnership with CNN.

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