Is CW a precursor to CBS/CNN merger?

Some people are speculating that if the new network created last week could signal a growing closeness between CBS and Time Warner that could result in merger of the news operations of the two companies.

“Some kind of combination is inevitable,” said Hal Vogel, principal of Vogel Capital Management. “The cost of having far-flung bureaus is way too high for any one organization to take on alone.”

The decline of the news power of the broadcast networks, which was once the big money-maker, will play a role.