CNN Sees Threat from Social Networking Sites

CNN is more concerned about competition from social networks than other cable news networks, CNN U.S. president Jonathan Klein said Wednesday.

"The competition I'm really afraid of are social networking sites," he said in a keynote interview at Bloomberg BusinessWeek's Media Summit New York. They provide "an alternative that threatens to pull people away from us." Facebook friends and Twitter members are "trusted news sources," Klein explained. "That's a challenge, and we got to rise to that challenge."