CNN lays off 100 staffers in 'sweeping overhaul' of news network

[Jobhunter]

 

CNN has announced the elimination of approximately 100 positions. This decision is part of a 'sweeping overhaul' of its news network.

 

The layoffs, affecting about three percent of the workforce, coincide with the network’s push towards digital expansion. This strategic shift includes the launch of its first subscription product on CNN.com, a move that underscores the network’s efforts to diversifying its revenue streams.

 

Mark Thompson, CNN Chief since October last year, has been vocal about the importance of enhancing CNN’s digital offerings. This focus on digital transformation is evident in the network’s plans to merge its television newsgathering and digital-news divisions into a single unit.

 

The network’s parent company, Warner Bros. Discovery, launched CNN Max last year, a live-news streaming service within its Max platform. 

 

This strategic shift raises questions about the future of traditional news networks in an increasingly digital world. How will these changes impact the quality and delivery of news? Will other networks follow suit? Share your thoughts below.

 

 

Read more:

• https://edition.cnn.com/2024/07/10/media/cnn-mark-thompson-layoffs-overhaul/index.html
• https://www.wsj.com/business/media/cnn-to-cut-about-100-jobs-launch-its-first-cnn-com-subscription-product-25a14dab
• https://www.morningstar.com/news/marketwatch/20240710200/cnn-to-cut-about-100-jobs-launch-first-subscription-product-this-year-wsj
• https://thehill.com/homenews/media/4763667-cnn-digital-subscription-product-job-cuts/

 

Image: Sean Pavone | Dreamstime.com