A.P. reports today that CNN will shut down its struggling CNNfn financial news network in mid-December, giving up its attempt to compete with CNBC after nine years.
A handful of programs will be shifted to the main network.
Lou Dobbs, a former CNNfn star.
Besides CNBC, CNNfn has also competed with Bloomberg TV, which airs some of its financial news on the USA network in the morning hours.
CNNfn is part of Time Warner Inc., while CNBC is owned by General Electric Co.
