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Detailed text transcripts for TV channel - CNN - 20100912:15:45:00

Of as brutala it is for the people who lose their jobs and we ve gone through waves and it s always horble, i to think there has to be a realignment of costs. these businesses grew up to fight yesterday s war at a time when everything the networks did was difficult. going to find stories, filming them, then ta ping them, editin them, distributing them, all of that was very complex. now it s easy and can be done by a college student or even high scol student with a laptop and a twitter account. so i think you do have a reorientation of the cost structe that has to happen as painful as it is for the legacyw business. lots of new competitors. nbc, of course, has c msnbc. but abc and cbs have expensive news divisions, yet they don t have a cable outlet. you re always hearing rumors that abc might team one bloomberg or cnn and cbs are going to combine, then it never seems to happen. wa right. and the issues there e ways control. who s going to have editorial control. and i talked to wes ....

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