Time Warner Renegotiating CNN's Contract With Republican Party

New York, New York - Richard D. Parsons, Chairman and Chief Executive Officer of Time Warner, met with White House political consultant Karl Rove yesterday in an effort to renegotiate CNN's present contract with the Republican Party. Apparently, Time Warner is using the ongoing wave of Republican scandals and weakness in the polls to push for terms that are more favorable to the corporate media giant.

Aides involved in the discussions have described them as friendly and say that both sides are near agreement. The issues boil down to only a few points. The White House wants CNN to continue its nonstop, unrestricted telecasting of every speech and appearance by President Bush. They also want to keep in place the ratio of ten Republican commentators for every single Democratic commentator who appears on CNN. This formula has worked very well for the GOP over the last 6 years and they are insisting that it stays in place. For its part, Time Warner wants expedited tax breaks and corporate immunity from all SEC investigations. A deal is expected to be announced tomorrow.