John Corn
04-06-02, 11:58 PM
CNN/Sports Illustrated, the 24-hour cable network that earlier this year said it would leave the air, said Saturday that it will disappear from the TV landscape May 15.
Approximately one-third of the network's 200 employees will be transferred to CNN or CNN Headline News, CNN/SI said. Severance payments will be offered to others, who will then be allowed to apply for other positions under the AOL umbrella.
CNN/SI's failure is generally interpreted as a testament to the power of Walt Disney Co.'s ESPN networks. AOL's sports network not only had to go up against the flagship ESPN, which has a 20-plus year track record, but a potent array of spinoff channels, including ESPN2, ESPN Classic and ESPNews.
Approximately one-third of the network's 200 employees will be transferred to CNN or CNN Headline News, CNN/SI said. Severance payments will be offered to others, who will then be allowed to apply for other positions under the AOL umbrella.
CNN/SI's failure is generally interpreted as a testament to the power of Walt Disney Co.'s ESPN networks. AOL's sports network not only had to go up against the flagship ESPN, which has a 20-plus year track record, but a potent array of spinoff channels, including ESPN2, ESPN Classic and ESPNews.