Industry News

Lee Greenwood Visits WABC, New York


Pictured above is country singer/songwriter Lee Greenwood (center) with the staff of Red Apple Media’s 77 WABC. Greenwood, composer of the hit song “God Bless The USA,” appeared on the “Sid & Friends Morning Show.” Red Apple CEO John Catsimatidis is at the far right, Margo Catsimatidis is to the left of Greenwood and WABC program director Matt Meany and president Chad Lopez are to the right of Greenwood.

Industry News

Red Apple Media CEO John Catsimatidis Wants to Buy CNN

The owner of New York City’s legendary news/talk outlet WABC says he’s interested in buying cable news/talk channel CNN, telling the New York Post that “CNN deserves to be #1 in the world right now.” Red Apple Media CEO John Catsimatidis mused about acquiring the embattledim cable channel while speaking on WABC’s “Sid & Friends in the Morning” program. When asked by the Post about details of a bid for CNN, including how much he’d pay, he said, “It’s up to the investment bankers to come up with the numbers… We could always bring partners in, but I want to run the place. We are capable of putting down a substantial amount of money.” Catsimatidis added, “I’d go run the place tomorrow morning, and all I’d want is $1 per year and a piece of the upside,” saying he could “double the profits” in a brief period of time. Read the Post story here.