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Rising TV subscription fees plumped up profits at Time Warner. The media and entertainment giant said profits in the last three months of 2012 rose 51% from a year ago to $1.2bn (£750m), despite no change in revenues. TV subscription income rose 7%, as cable and satellite operators paid more to carry channels such as CNN and TNT.

Looking to plug its sinking ratings, CNN has hired documentary filmmaker Morgan Spurlock to host and produce a new weekend series. “Inside Man” will give viewers an “insider’s view” into American subcultures: marijuana growers, end-of-life caregivers, migrant farmworkers, etc.

Amidst record low ratings, Time Warner-owned CNN reportedly has major changes coming its way. Time Warner chief Jeff Bewkes recently told reporters that he was "not happy with CNN's ratings performance and...focused on fixing it."

CNN Worldwide President Jim Walton said on Friday that he was leaving the once-dominant cable news network, which has struggled in the ratings in recent years, on December 31.

Christine O'Donnell is defending her decision to walk off Piers Morgan's CNN show by saying he was asking sexually harassing questions -- including "sex questions that he would not ask of a man."

Burt Reinhardt, a television pioneer who helped lead the evolution of 24-hour news coverage as president of CNN, died Tuesday at 91, according to family members.

CNN's prime-time talk show "Parker/Spitzer" is no more with the departure of Kathleen Parker. Her partner, former New York Gov. Eliot Spitzer, will remain in the time slot in a new show called "In the Arena," working with E.D. Hill, Will Cain and others.

It appears CNN has hit another speed bump on its road to reinvention. According to a report in the Wall Street Journal, the cable network is quietly considering replacing conservative Kathleen Parker as co-host on the show currently titled Parker Spitzer. The Pulitzer Prize-winning columnist, along with her co-host, former New York Governor Eliot Spitzer, has failed to drum up the sort of buzz the news operation is after, much less garner ratings to make it competitive with rivals Fox News and MSNBC. (A CNN spokesperson told Forbes it “does not comment on speculation.”)

CNN today fired anchor Rick Sanchez a day after Sanchez assailed The Daily Show host Jon Stewart as a "bigot" and suggested that CNN and the other networks are run by Jews. Sanchez made his rant Thursday on the Sirius XM radio show "Stand Up! with Pete Dominick". CNN acted within 24 hours. "Rick Sanchez is no longer with the company. We thank Rick for his years of service and we wish him well," the Time Warner cable news channel said in a statement. Sanchez recently lost his afternoon show on CNN Rick's List, which is being replaced by CNN Newsroom. The Daily Show considered Sanchez an intellectual lightweight compared to CNN stars Anderson Cooper and Wolf Blizter and made him the butt of jokes, which Sanchez resented and thought was racist. (He's Hispanic.)

Jonathan Klein, the president of the beleaguered CNN/U.S. cable channel, is being replaced by Ken Jautz, the head of the sister channel HLN.