CNN to lay off dozens as part of major restructuring
Cable giant CNN is planning to lay off dozens of employees and undergo a major restructuring as the outlet looks to retool itself around digital during President Trump’s second term. The
CNN expected to cut 200 jobs, restructure the company
CNN CEO Mark Thompson said its parent company Warner Bros. Discovery is going to invest $70 million to support the company's digital transformation.
CNN Cuts About 200 Jobs As Part Of A Further Shift To Digital Business
The layoffs are concentrated in CNN’s TV business, where ratings have tumbled as consumers cut off cable and seek other news sources. They will eventually be offset by new hires in digital, where Warner Bros. Discovery is making a $70 million investment, CNN said.
CNN lays off 6% of jobs amid plan to reach $1 billion in digital revenue
CNN announced it's laying off about 6% of its workforce as it takes the next step in a restructuring plan aimed at producing $1 billion in digital revenue by 2030.
CNN Is Announcing Layoffs as Part of a Further Shift to Digital Business
CNN is expected to lay off about 200 of its employees, or 6% of its workforce, in part of a shift toward a more digital-oriented future
CNN to cut jobs by 6% amid digital push
Warner Bros Discovery-owned CNN will lay off about 6% of its workforce as the TV news outlet continues to shift its focus toward a more digital-centric strategy, according to an internal memo seen by Reuters on Thursday.
CNN hit with significant layoffs as network sets a plan for a digital future
CNN is cutting 6% of its workforce as the news organization tries to reinvent itself for TV’s digital future. Facing an exodus of viewers and a systemic decline in pay TV subscriptions, the Warner Bros.
CNN lays off 6% of its workforce as CEO Mark Thompson announces $70 million digital transformation
CNN is laying off 6% of its workforce, or roughly 200 staffers, as the cable network aims to transform its newsroom into a digital-first operation. CNN parent company Warner Bros. Discovery (WBD) plans to invest $70 million into the network's revamp,
EconoTimes10d
Warner Bros Discovery Adds New Directors Amid Strategic Restructuring
Warner Bros Discovery (NASDAQ:WBD) has appointed Anthony Noto, CEO of SoFi (NASDAQ:SOFI), and Joey Levin, outgoing CEO of IAC ...
CNN boss Mark Thompson confirms 200 layoffs across cable TV network in digital push
CNN boss Mark Thompson on Thursday revealed sweeping changes at the embattled network that include 200 job cuts and a pivot ...
Warner Bros. Discovery: Management Finally Seems To Get It - A Forming Bull Case Ahead (Rating Upgrade)
Warner Bros. Discovery moves past structural issues, unlocking value. Read why WBD stock at $10 is a great entry point with a ...
Warner Bros Discovery Adds SoFi CEO, Outgoing IAC Chief Executive to Board
(Reuters) - Warner Bros Discovery has appointed Anthony Noto, CEO of fintech giant SoFi, and Joey Levin, the outgoing chief ...
FINAL WBD DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Warner Bros. Discovery, Inc. Investors to Join the Class Action Lawsuit
New York, New York-- (Newsfile Corp. - January 23, 2025) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against ...
The Hollywood Reporter10d
Warner Bros. Discovery Adds IAC CEO Joey Levin, Anthony Noto to Board
Levin is set to depart IAC after the spinoff of its home services platform Angi and become Angi's executive chairman. By Caitlin Huston Business Writer Outgoing IAC CEO Joey Levin and Anthony Noto ...
Warner Bros Discovery's gaming unit chief to step down after 12 years, memo shows
Warner Bros Discovery's gaming unit head David Haddad is leaving the company after 12 years in the role, according to an internal memo seen by Reuters on Thursday.