CNN Set to Cut Hundreds of Jobs – Media
According to a report from CNBC, the redundancies will be implemented as part of a shift in focus toward the global digital audience. Read Full Article at RT.com
TroibNews 
CNN is preparing to eliminate hundreds of positions from its 3,500-strong workforce as early as Thursday, according to sources who spoke to CNBC. The media giant is shifting its focus from traditional television audiences to digital platforms.
Reports suggest that the Warner Bros Discovery-owned company needs to lower its television production expenses, streamline teams, and enhance its digital subscription offerings, as indicated by CNBC on Wednesday, referencing anonymous sources.
It’s not anticipated that the job cuts will impact CNN's most prominent figures, according to the sources, who also mentioned that some shows currently based in New York or Washington might relocate to Atlanta.
The company implemented a digital paywall last October, introducing a monthly subscription fee of $3.99 for regular users.
Meanwhile, CNBC reported that NBC News, which is part of Comcast—the world’s fourth-largest broadcaster by revenue—is also planning layoffs this week, affecting fewer than 50 employees according to informed sources.
The news media landscape is evolving, with a notable decline in linear TV viewership as audiences increasingly turn to streaming services and social media for news consumption.
Earlier this month, the Washington Post revealed plans to lay off about 4% of its workforce to mitigate rising losses. In November, the Associated Press announced an intent to reduce approximately 8% of its staff as part of efforts to modernize its operations and products.
Aarav Patel for TROIB News
Reports suggest that the Warner Bros Discovery-owned company needs to lower its television production expenses, streamline teams, and enhance its digital subscription offerings, as indicated by CNBC on Wednesday, referencing anonymous sources.
It’s not anticipated that the job cuts will impact CNN's most prominent figures, according to the sources, who also mentioned that some shows currently based in New York or Washington might relocate to Atlanta.
The company implemented a digital paywall last October, introducing a monthly subscription fee of $3.99 for regular users.
Meanwhile, CNBC reported that NBC News, which is part of Comcast—the world’s fourth-largest broadcaster by revenue—is also planning layoffs this week, affecting fewer than 50 employees according to informed sources.
The news media landscape is evolving, with a notable decline in linear TV viewership as audiences increasingly turn to streaming services and social media for news consumption.
Earlier this month, the Washington Post revealed plans to lay off about 4% of its workforce to mitigate rising losses. In November, the Associated Press announced an intent to reduce approximately 8% of its staff as part of efforts to modernize its operations and products.
Aarav Patel for TROIB News
