CNN to lay off hundreds of employees as network makes digital pivot: Report
By Kennedy Felton (Anchor), Roey Hadar (Producer)
Warner Brothers Discovery is struggling, with its ownership of cable channels leaving it at risk as viewers move to streaming and digital offerings. As it restructures, one of its channels is set to take a large hit: CNN.
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
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CNN braces for massive Thursday layoffs: report
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Click to see story on crankers.comThe cable news pioneer will lay off hundreds of employees as it slims down its TV production to build around a more digital-focused strategy, according to reporting from CNBC.
The network suffered a sharp ratings decline in the weeks after last November’s election.
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The reporting suggests CNN is aiming to consolidate production teams and lower costs to produce its shows for linear TV. It also suggests the network is planning to relocate production of some of its shows from New York and Washington to its headquarters in Atlanta.
CNN CEO Mark Thompson told workers in a town hall meeting earlier this month that the network’s parent company, Warner Brothers Discovery, is investing $70 million this year to facilitate a transition to a digital focus, The New York Times and Semafor report.
CNN has around 3,500 total employees worldwide. The report says some of their biggest on-air personalities will likely not be part of the layoffs since they are under contract.
Ahead of the digital shift, CNN announced last fall that it will be paywalling its website. They’ll charge $3.99 a month for users who read more than a certain, undisclosed number of articles.
CNN is not the only network experiencing layoffs. CBS laid off a handful of on-air staffers last fall, including former CBS Evening News anchor Jeff Glor. ABC News laid off 75 workers in October as part of broader cutbacks at Disney.
CNBC reports that, along with CNN, NBC News is also planning layoffs. However, sources say they will lay off well under 50 people.
KENNEDY FELTON: Warner Brothers Discovery is struggling, with its ownership of cable channels leaving it at risk as viewers head to streaming and digital offerings.
As it restructures itself, one of its channels is set to take a large hit: CNN.
The cable news pioneer will lay off hundreds of employees as it slims down its TV production to build around a more digital-focused strategy, according to reporting from CNBC.
The network suffered a sharp ratings decline in the weeks after last November’s election.
The reporting suggests CNN is aiming to consolidate production teams and lower costs to make its shows for linear TV, with the network planning to relocate production of some of its shows from New York and Washington to its headquarters in Atlanta.
CNN CEO Mark Thompson told workers in a town hall meeting earlier this month that the network’s parent Warner Brothers Discovery is investing $70 million this year to facilitate a transition to a digital focus, The New York Times and Semafor report.
CNN has 3,500 total employees and some of their biggest on-air personalities will likely not be part of the layoffs, since they are under contract.
Ahead of the digital shift, CNN announced last fall that it will be paywalling its website, charging $3.99 a month for users who read more than a certain, undisclosed number of articles.
CNN is not the only network experiencing layoffs. CBS laid off a handful of on-air staffers last fall, including former CBS Evening News anchor Jeff Glor. ABC News laid off 75 workers in October as part of broader cutbacks at Disney.
And CNBC reports that, along with CNN, NBC News is also planning layoffs, but with sources saying they will lay off fewer than well under 50 people.
For Straight Arrow News, I’m Kennedy Felton.
And for all the latest updates on this and other top stories, download the Straight Arrow News app or visit SAN.com.
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
CNN braces for massive Thursday layoffs: report
Click to see story on NY Daily NewsCNN Expected to Unveil Significant Layoffs
Click to see story on VarietyCNN Expected To Announce Substantial Job Cuts
Click to see story on DeadlineCNN Reportedly Set To Lay Off Hundreds of Employees as Trump-Era Restructuring Begins
Click to see story on MediaiteCNN to Lay off Hundreds of Employees, CNBC Reports
Click to see story on U.S. NewsCNN Layoffs to Impact Hundreds of Staffers as Soon as Thursday
Click to see story on The WrapCNN to lay off hundreds of employees, CNBC reports
Click to see story on ReutersCNN to lay off hundreds of employees as post-inauguration transformation begins, sources say
Click to see story on CNBCCNN to lay off hundreds of employees, CNBC reports
Click to see story on Investing.comCNN plans to lay off hundreds of employees, cut costs as NBC plots firings
Click to see story on New York PostCNN, NBC News to lay off employees, CNBC reports
Click to see story on The Straits TimesCNN laying off ‘hundreds’ of employees; NBC News cuts some jobs – CNBC (WBD:NASDAQ)
Click to see story on Seeking AlphaCNN to lay off ‘hundreds’ of staffers in first days of second Trump presidency: reports
Click to see story on Fox BusinessCNN’s demand for its own stars
Click to see story on ExpressenCNN to lay off hundreds of employees, CNBC reports
Click to see story on Colorado Springs GazetteJUST IN: Massive Layoffs Coming To CNN And NBC Following Trump Win
Click to see story on Yeshiva World NewsUntracked Bias
CNN and NBC News to lay off employees, CNBC reports
Click to see story on BizTocCNN Expected to Unveil Significant Layoffs
Click to see story on starsalert.comCNN to lay off hundreds of employees as post-inauguration transformation begins, sources say
Click to see story on Stockxpo – A professional network of traders, investors and analystsCNN Reportedly Braces for Significant Layoffs as Focus Shifts to Digital
Click to see story on Cord Cutters NewsCNN to lay off hundreds of employees as post-inauguration transformation begins, sources say
Click to see story on Daily Expert NewsSources: WBD’s CNN plans to lay off hundreds on Thursday as it refocuses on its global digital audience; NBC News also plans cuts, affecting well under 50 jobs
Click to see story on mediagazer.comCNN to lay off hundreds of employees post-inauguration, sources say
Click to see story on world-ne.wsCNN and NBC News to Lay Off Employees, CNBC Reports
Click to see story on abbonews.comFinancial News Network – CNN to lay off ‘hundreds’ of staffers in first days of second Trump presidency: reports
Click to see story on financialnewsnetwork.comCNN, NBC News to have post-inauguration layoffs: report
Click to see story on crankers.comStraight to your inbox.
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