CNN thinks it's figured out what a post-cable network looks like, and it's betting $70 million on it

CNN wants to turn its social video content experimentGreat Big Storyinto astealth cable network — without the cable TV part that is. The company is pumping $40 million of fresh capital into GBS, the web-video venture CNN rolled out in 2015 as something of an alternative to Vice Media. That brings CNN's investment total to $70 million overall, and values GBS in the neighborhood of $250 million, Bloomberg reported, though CNN is the sole owner/investor. With GBS, CNN wants to create a next gener...