CNN plans to cut 100 jobs, merge news teams, invest in video, and debut a standalone subscription product for CNN.com amid declining TV viewership.
CNN plans to cut 100 jobs and focus on digital subscriptions as it restructures its news operations. CEO Mark Thompson aims to merge its news-gathering and digital news teams, invest in video operations, and launch pay-per-view news products to streamline the network's operations amid declining TV viewership. The company will debut a standalone subscription product for CNN.com by the end of this year, with more subscription offerings planned in the future.
July 10, 2024
42 Articles