Information outlet CNN will lower about 100 jobs as a part of a plan to consolidate information operations and bolster its digital enterprise, in keeping with an inside memo seen by Reuters on Wednesday (Jul 10).
CNN will merge its news-gathering and digital information groups, spend money on video operations and launch pay-per-view information merchandise, CNN Worldwide CEO Mark Thompson informed employees within the memo.
“We’re constructing a billion greenback+ digital enterprise of the long run,” he mentioned within the memo.
The corporate expects to remove about 100 jobs out of the three,500-person world workforce, Thompson mentioned.
Thompson, a former New York Occasions and BBC government who took over as CNN’s CEO in October final 12 months, is making an attempt to streamline the community’s operations and develop gross sales to counter falling TV viewership.
CNN will launch a standalone subscription product for CNN.com by the tip of this 12 months, the primary in a sequence of deliberate subscription choices, together with one that can give attention to life-style and have content material.
The outlet will create TV Future Lab, a unit to supply content material for the Max streaming platform and package deal CNN’s TV content material for its digital channels. CNN, which is owned by Warner Bros Discovery, began streaming content material on Max final 12 months.
Thompson additionally detailed a number of adjustments to CNN’s editorial workflows, together with a centralised planning and pitching course of and a brand new “story supervisor” position to run all features of a narrative from starting to publication or airing.
The memo mentioned Thompson will focus on the plan with the employees in a city corridor assembly on Wednesday.
