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Andreessen horowitz's a16z is backing a new media company that "will be monitoring the situation across technology, business, politics, and culture, interviewing the main characters of the moment all day long on X."

lolwut

we have no money for real journalism, but we somehow have endless funding for little billionaire-backed infotainment projects designed to make the extraction class feel good about themselves and their boundless innovation

I think if I had to sit through the pitch meetings leading up to this funding I probably would have been forced to commit seppuku

as an aside I think this thing about CNN's founding vision being something called "randemonium" is some sort of ChatGPT hallucination. This doesn't show up anywhere else in search, which, if so, says great things about this new news org and @a16z

Reese Schonfeld's book about starting CNN is a fun read

I remember the pitch looking a lot more like what CNN Headline News was at first. Just a looping 30 minutes updated as needed.