MSNBC Stays in Its Bubble and Celebrates SpinCo as Viewers Flee

An insider tells TheWrap that MSNBC and CNBC throw off $1 billion in profit, leaving dry powder for the new company to invest

Ari Melber, Joy Reid, Rachel Maddow, Nicolle Wallace and Chris Hayes on Election Night (Credit: MSNBC)
Ari Melber, Joy Reid, Rachel Maddow, Nicolle Wallace and Chris Hayes on Election Night (Credit: MSNBC)

You might have thought that after weeks of boosterism leading up to the presidential election, breathless reporting of Kamala Harris’ last minute surge in the polls, channel-wide optimism that women, brown and Black people were poised to reject Donald Trump a second time — only to be found dead wrong — that MSNBC would be in a moment of crisis. 

But you’d be wrong. 

Instead of reexamining its news practices after months of relentless pro-Harris coverage that seems to have wildly underestimated voters’ economic anger, a cultural backlash and Latino surge for Trump, insiders at MSNBC are feeling confident. 

WaxWord spoke to a half-dozen individuals at MSNBC and NBCUniversal and the conclusion was consistent: MSNBC is fine, despite criticism from media observers like Bill Maher or Jay Rosen or myself, and a steep drop in ratings.

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