Could time be right for CNN, CBS News to partner?

In this photo supplied by CNN, Jonathan Klein poses Monday Nov. 22, 2004, at CNN headquarters in Altanta. CNN on Monday Nov.22, 2004, hired former the CBS News executive to oversee its flagship network and try to narrow the prime-time ratings gap with industry leader Fox News Channel.(AP Photo/CNN , Kyle Christy)

May 5, 2010 6:42:42 PM PDT
The head of CNN's parent company says the network could have a deal with a broadcast news division to share resources by the end of the year.

Jeff Bewkes (BYOO'-kihs), chairman and CEO of Time Warner Inc., said Wednesday that it's no secret there have been such talks, although nothing is imminent. CNN and CBS have kicked around the idea for more than a decade but there now could be more of an incentive to get something done.

CBS News is losing money and could beef up its newsgathering by pairing with CNN, which has a much more extensive worldwide reporting staff. CNN's ratings have been suffering and may be helped by some of CBS' expertise and talent.

Bewkes and other executives say there's nothing imminent, however.