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What is this about World News Now being the basis for ABCs proposed cable news channel, code-named “Fred” while in preproduction?

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What is this about World News Now being the basis for ABCs proposed cable news channel, code-named “Fred” while in preproduction?

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A. Not much. Plans for this channel are on hold indefinitely. The problem appears to have been funding and channel access; with the bursts of new cable channels, including news stations from NBC and Fox, and the difficulties both startups have had in attracting an audience, any chance in the immediate term of getting a World News Now Channel appears to have vanished.

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