's profits are expected to drop below $1 billion under new leadership as TV viewership declined.CNN is on-track to drop to $956.8 million in 2022, according to S&P Global Market Intelligence, the . The massive drop is the first time the news network has hit below $1 billion in profit since 2016.Chris Licht, CEO of CNN since May, aimed to reach $1.1 billion in profit by the end of the year. Meanwhile, the company will hit around $950 million for the year.
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