CNN to cut 100 jobs in major overhaul to focus on digital, memo shows

Files outlet CNN will minimize about 100 jobs as piece of a plan to consolidate news operations and bolster its digital alternate, per an interior memo seen by Reuters on Wednesday (Jul 10).

CNN will merge its news-gathering and digital news teams, make investments in video operations and originate pay-per-ogle news products, CNN Worldwide CEO Be conscious Thompson told crew within the memo.

“We are constructing a billion buck+ digital alternate of the future,” he acknowledged within the memo.

The firm expects to cast off about 100 jobs out of the 3,500-person international group, Thompson acknowledged.

Thompson, a extinct Recent York Cases and BBC executive who took over as CNN’s CEO in October closing year, is attempting to streamline the community’s operations and develop gross sales to counter falling TV viewership.

CNN will originate a standalone subscription product for CNN.com by the tip of this year, the first in a series of planned subscription choices, including person that will focal level on lifestyle and feature inform.

The outlet will hang TV Future Lab, a unit to present inform for the Max streaming platform and bundle CNN’s TV inform for its digital channels. CNN, which is owned by Warner Bros Discovery, started streaming inform on Max closing year.

Thompson also detailed several modifications to CNN’s editorial workflows, including a centralised planning and pitching job and a brand recent “myth manager” position to whisk all capabilities of a yarn from starting up to publication or airing.

The memo acknowledged Thompson will discuss the plan with the crew in a city hall meeting on Wednesday.