CNN, NBC to layoff several employees in post-election restructuring: Report
2 months ago

CNN, NBC to layoff several employees in post-election restructuring: Report

Hindustan Times  

American news networks CNN and NBC plan to lay off employees, CNBC reports, citing people familiar with the matter. Earlier this month, during a town hall meeting, CNN CEO Mark Thompson said the media company has received an investment of “more than $70 million” from Warner Bros. He had said that part of that investment would go toward hiring employees in areas where CNN sees potential growth avenues, such as data scientists and product development. Spokespersons of both CNN and NBC News, however, declined to comment on the lay offs, according to the CNBC report.

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History of this topic

Media upheaval: CNN cutting about 100 jobs, and CBS News president announces resignation
8 months, 2 weeks ago

Media upheaval: CNN cutting about 100 jobs, and CBS News president announces resignation

Associated Press  

NEW YORK — CBS News President Ingrid Ciprian-Matthews said Wednesday she’s resigning after less than a year in her role, and CNN announced that it was eliminating approximately 100 jobs in continued signs of upheaval for the media business. Thompson said that CNN’s digital strategy must be “ambitious enough to deliver the audiences and the revenue we need to maintain …

CNN to cut 100 jobs as it prepares to launch digital subscription products
8 months, 2 weeks ago

CNN to cut 100 jobs as it prepares to launch digital subscription products

LA Times  

CNN is cutting 100 positions across the company as it accelerates its push into digital subscription products that reach beyond its shrinking cable TV audience. In a lengthy Wednesday memo, CNN Chairman and Chief Executive Mark Thompson told employees that the Warner Bros. Discovery-owned unit “will lean more heavily into digital products.” He said CNN.com will offer its first digital …

CNN, Vox, Washington Post: US media giants announce layoffs amid economic gloom
2 years, 2 months ago

CNN, Vox, Washington Post: US media giants announce layoffs amid economic gloom

Hindustan Times  

From CNN to the Washington Post, US media are facing tough times, as a series of outlets have announced layoffs this winter amid fears of an economic downturn. Journalists who were laid off from other organizations in recent weeks have also taken to Twitter to express anger, dismay, or gratitude to their colleagues Vox Media, owner of the Vox and …

Media layoffs mount as CNN announces it will make cuts this week
2 years, 3 months ago

Media layoffs mount as CNN announces it will make cuts this week

LA Times  

CNN employees are in for a rough week as the news network’s chief, Chris Licht, told staff to prepare for a round of layoffs. Like the rest of the traditional TV business, CNN is also looking at a future with slowed growth in pay-TV subscription revenue and a softening advertising market. CNN is among a growing list of media entities …

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