OAN’s James Meyers
1:42 PM – Wednesday, July 10, 2024
CNN will cut an estimated 100 jobs as part of a new shift in the company to change its operations and strengthen its digital media presence, senior leadership told employees in an internal memo.
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“We are building a billion dollar digital business of the future,” CNN Worldwide CEO Mark Thompson wrote in the memo, made public on Wednesday.
CNN plans to merge its news gathering and digital news teams, launch a unit to produce content for its partnership with streaming service Max (HBO) and other digital channels, centralize its pitching process, and eliminate divisions between its U.S. and international teams.
Additionally, CNN launched a paid subscription…
