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David Zaslav

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Warner Bros. Discovery CEO David Zaslav supported CNN CEO Chris Licht during an investor conference Thursday as tension at the network rises over the decision to air a live Donald Trump town hall packed with his supporters.

Zaslav said Licht “is working really hard” to improve CNN’s brand and image, citing a recent YouGov poll that said trust in CNN has improved by 11 percentage points in the past year. For context, trust in Republican-leaning Fox News improved 17 points and trust in Democratic-leaning MSNBC improved 16 points in the same period. Trust in CBS, ABC and NBC all improved by more than CNN, as well.

Zaslav emphasized CNN’s desire for more balance on the network, citing a common refrain that he wants to ensure CNN isn’t an “advocacy network.”

“We need to show both sides of every issue,” Zaslav said.

Zaslav continues to be supportive of CNN’s decision to host the Trump town hall, according to a person familiar with his thinking. Trump is leading early polls to win the 2024 Republican nomination for president. Zaslav told CNBC earlier this month Trump, who continues to falsely claim he was the victim of election fraud in the 2020, should absolutely appear on CNN.

“He’s the frontrunner — he has to be on our network,” Zaslav said on CNBC’s “Squawk Box.” “We’re happy he’s coming on our network.”

Amanpour slams ‘bothsidesism’

His comments came a day after veteran CNN journalist Christiane Amanpour publicly challenged the notion of covering “both sides” of the political spectrum if both sides weren’t factual. Amanpour spoke Wednesday at Columbia Journalism School’s commencement.

“Be truthful, but not neutral,” Amanpour told the graduates. She said the phrase was “her mantra.”

“Bothsidesism is not always objectivity. It does not get you to the truth. Drawing false moral or factual equivalence is neither objective or truthful. Objectivity is our golden rule, and it is in weighing all the sides and hearing all the evidence, hearing everyone and reporting everything, but not rushing to equate them when there is no equating.”

Amanpour said she met with Licht this week to convey her disappointment with airing a Trump town hall in the format in which it happened. She said Licht told her that “the execution was lacking a little,” as CNBC reported earlier this week. Amanpour noted the live audience should not have been allowed to cheer Trump’s every sentence, calling the behavior “appalling.”

At one point, Trump called town hall host Kaitlan Collins a “nasty person.” Amanpour said she would have dropped the microphone and walked out if he’d done that to her.

Amanpour said airing a taped Trump interview would have been a better solution, as it would have allowed CNN to better fight off Trump’s “disinformation and propaganda machine.” Trump is facing multiple criminal investigations and was found liable earlier this month for sexually abusing and defaming writer E. Jean Carroll. Trump has denied Carroll’s accusations. He was also indicted in New York for allegedly falsifying business records.

Amanpour is the first significant CNN journalist to publicly criticize Licht and Zaslav’s decision to air the town hall. Several of her colleagues jumped to support her comments on Twitter, showcasing an undercurrent of dissent within the CNN ranks.

“Speaking truth to power is a fundamental part of our job but to speak truth to the power that signs your checks? ⁦@amanpour⁩ showing everyone how it’s done,” tweeted Nima Elbagir, CNN’s chief international investigative correspondent.

CNN anchor Sara Sidner tweeted “she’s a real one” about Amanpour, which CNN correspondent Erica Hill echoed.

CNN Hong Kong anchor Kristie Lu Stout said Amanpour delivered “a masterclass in journalism.”

Falling ratings, rising discontent

Licht has inherited a CNN employee base largely put in place by former chief Jeff Zucker and his predecessors. Zucker was popular as a leader with many current staff members and led the network in a hands-on style that Licht has purposefully eschewed.

Zaslav’s mission with CNN has been to shed its “left-leaning” image to a more neutral brand, he reiterated Thursday. He touted the amount of Republicans CNN has interviewed recently in his comments Thursday.

Still, the changes aren’t helping CNN’s ratings. The network’s overall audience trailed not only Fox and MSNBC but also the much smaller conservative channel Newsmax on Tuesday in the 7 p.m. ET and 8 p.m. ET hours.

CNN’s profit fell below $1 billion last year, The New York Times reported, marking a six-year low. Slumping ratings won’t help its advertising revenue this year. Warner Bros. Discovery held its upfront presentation for ad buyers this week. Licht spoke at the event.

While the business struggles, Zaslav’s comments about CNN being more politically down the middle, especially when it comes to Trump, have irritated journalists who don’t equate fighting lies with partisanship.

It’s unclear whether CNN staff members’ show of discontent with Licht and Zaslav’s recent decision making will amount to anything other than public grousing.

But as the network struggles with falling ratings and millions of Americans cancelling traditional TV each year, which eat away at CNN’s revenue and profit, Zaslav may have an unwanted distraction on his hands that may only get worse as the U.S. edges closer to the 2024 presidential election.

Disclosure: NBCUniversal is the parent company of NBC, MSNBC and CNBC.

WATCH: CNBC’s full interview with Warner Bros. Discovery CEO David Zaslav

Watch CNBC's full interview with Warner Bros. Discovery CEO David Zaslav

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Apple’s market share slides in China as iPhone shipments decline, analyst Kuo says

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Apple's market share slides in China as iPhone shipments decline, analyst Kuo says

Jaap Arriens | Nurphoto | Getty Images

Apple is losing market share in China due to declining iPhone shipments, supply chain analyst Ming-Chi Kuo wrote in a report on Friday. The stock slid 2.4%.

“Apple has adopted a cautious stance when discussing 2025 iPhone production plans with key suppliers,” Kuo, an analyst at TF Securities, wrote in the post. He added that despite the expected launch of the new iPhone SE 4, shipments are expected to decline 6% year over year for the first half of 2025.

Kuo expects Apple’s market share to continue to slide, as two of the coming iPhones are so thin that they likely will only support eSIM, which the Chinese market currently does not promote.

“These two models could face shipping momentum challenges unless their design is modified,” he wrote.

Kuo wrote that in December, overall smartphone shipments in China were flat from a year earlier, but iPhone shipments dropped 10% to 12%.

There is also “no evidence” that Apple Intelligence, the company’s on-device artificial intelligence offering, is driving hardware upgrades or services revenue, according to Kuo. He wrote that the feature “has not boosted iPhone replacement demand,” according to a supply chain survey he conducted, and added that in his view, the feature’s appeal “has significantly declined compared to cloud-based AI services, which have advanced rapidly in subsequent months.”

Apple’s estimated iPhone shipments total about 220 million units for 2024 and between about 220 million and 225 million for this year, Kuo wrote. That is “below the market consensus of 240 million or more,” he wrote.

Apple did not immediately respond to CNBC’s request for comment.

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Amazon to halt some of its DEI programs: Internal memo

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Amazon to halt some of its DEI programs: Internal memo

Amazon said it is halting some of its diversity and inclusion initiatives, joining a growing list of major corporations that have made similar moves in the face of increasing public and legal scrutiny.

In a Dec. 16 internal note to staffers that was obtained by CNBC, Candi Castleberry, Amazon’s VP of inclusive experiences and technology, said the company was in the process of “winding down outdated programs and materials” as part of a broader review of hundreds of initiatives.

“Rather than have individual groups build programs, we are focusing on programs with proven outcomes — and we also aim to foster a more truly inclusive culture,” Castleberry wrote in the note, which was first reported by Bloomberg.

Castleberry’s memo doesn’t say which programs the company is dropping as a result of its review. The company typically releases annual data on the racial and gender makeup of its workforce, and it also operates Black, LGBTQ+, indigenous and veteran employee resource groups, among others.

In 2020, Amazon set a goal of doubling the number of Black employees in vice president and director roles. It announced the same goal in 2021 and also pledged to hire 30% more Black employees for product manager, engineer and other corporate roles.

Meta on Friday made a similar retreat from its diversity, equity and inclusion initiatives. The social media company said it’s ending its approach of considering qualified candidates from underrepresented groups for open roles and its equity and inclusion training programs. The decision drew backlash from Meta employees, including one staffer who wrote, “If you don’t stand by your principles when things get difficult, they aren’t values. They’re hobbies.”

Other companies, including McDonald’s, Walmart and Ford, have also made changes to their DEI initiatives in recent months. Rising conservative backlash and the Supreme Court’s ruling against affirmative action in 2023 spurred many corporations to alter or discontinue their DEI programs.

Amazon, which is the nation’s second-largest private employer behind Walmart, also recently made changes to its “Our Positions” webpage, which lays out the company’s stance on a variety of policy issues. Previously, there were separate sections dedicated to “Equity for Black people,” “Diversity, equity and inclusion” and “LGBTQ+ rights,” according to records from the Internet Archive’s Wayback Machine.

The current webpage has streamlined those sections into a single paragraph. The section says that Amazon believes in creating a diverse and inclusive company and that inequitable treatment of anyone is unacceptable. The Information earlier reported the changes.

Amazon spokesperson Kelly Nantel told CNBC in a statement: “We update this page from time to time to ensure that it reflects updates we’ve made to various programs and positions.”

Read the full memo from Amazon’s Castleberry:

Team,

As we head toward the end of the year, I want to give another update on the work we’ve been doing around representation and inclusion.

As a large, global company that operates in different countries and industries, we serve hundreds of millions of customers from a range of backgrounds and globally diverse communities. To serve them effectively, we need millions of employees and partners that reflect our customers and communities. We strive to be representative of those customers and build a culture that’s inclusive for everyone.

In the last few years we took a new approach, reviewing hundreds of programs across the company, using science to evaluate their effectiveness, impact, and ROI — identifying the ones we believed should continue. Each one of these addresses a specific disparity, and is designed to end when that disparity is eliminated. In parallel, we worked to unify employee groups together under one umbrella, and build programs that are open to all. Rather than have individual groups build programs, we are focusing on programs with proven outcomes — and we also aim to foster a more truly inclusive culture. You can read more about this on our Together at Amazon page on A to Z.

This approach — where we move away from programs that were separate from our existing processes, and instead integrating our work into existing processes so they become durable — is the evolution to “built in” and “born inclusive,” instead of “bolted on.” As part of this evolution, we’ve been winding down outdated programs and materials, and we’re aiming to complete that by the end of 2024. We also know there will always be individuals or teams who continue to do well-intentioned things that don’t align with our company-wide approach, and we might not always see those right away. But we’ll keep at it.

We’ll continue to share ongoing updates, and appreciate your hard work in driving this progress. We believe this is important work, so we’ll keep investing in programs that help us reflect those audiences, help employees grow, thrive, and connect, and we remain dedicated to delivering inclusive experiences for customers, employees, and communities around the world.

#InThisTogether,

Candi

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Tesla recalling 239,000 vehicles in U.S. over rearview camera failures

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Tesla recalling 239,000 vehicles in U.S. over rearview camera failures

New Tesla Model 3 vehicles on a truck at a logistics drop zone in Seattle, Washington, on Aug. 22, 2024.

M. Scott Brauer | Bloomberg | Getty Images

Tesla is voluntarily recalling about 239,000 of its electric vehicles in the U.S. to fix an issue that can cause its rearview cameras to fail, the company disclosed in filings posted Friday to the National Highway Traffic Safety Administration’s website.

“A rearview camera that does not display an image reduces the driver’s rear view, increasing the risk of a crash,” Tesla wrote in a letter to the regulator. The recall applies to Tesla’s 2024-2025 Model 3 and Model S sedans, and to its 2023-2025 Model X and Model Y SUVs.

The company also said in the acknowledgement letter that it has already “released an over-the-air (OTA) software update, free of charge” that can fix some of the vehicles’ camera issues.

In 2024, Tesla issued 16 recalls in the U.S. that applied to 5.14 million of its EVs, according to NHTSA data. The recall remedies included a mix of over-the-air software updates and parts replacements. More than 40% of last year’s recalls pertained to issues with the newest vehicle in the company’s lineup, the Cybertruck, an angular steel pickup that Tesla began delivering to customers in late 2023.

Regarding the latest recall, the company said it had received 887 warranty claims and dozens of field reports but told the NHTSA that it was not aware of any injurious, fatal or other collisions resulting from the rearview camera failures.

Other customers with vehicles that “experienced a circuit board failure or stress that may lead to a circuit board failure,” which cause the backup camera failures, can have their vehicles’ computers replaced by Tesla, free of charge, the company said.

Tesla did not immediately respond to CNBC’s request for comment.

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