As CNN, ABC News and others grapple with an advertising downturn and lower linear viewership, the new mandate is to trim costs and find savings however they can while staffers weather the storm.
like a ton of bricks. The cable news channel, now under Warner Bros. Discovery was going to face budget cuts and layoffs. “There is widespread concern over the global economic outlook, and we must factor that risk into our long-term planning,” CNN CEO Chris Licht wrote in a late-October memo.
At a network town hall on Nov. 15, Licht confirmed to moderator Alisyn Camerota that layoffs will hit the division in December. Those cuts are part of an industrywide pivot, as media giants prepare for a difficult winter, seeking to reduce costs however they can. And news divisions will not be spared.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ABC News – Breaking News, Latest News, Headlines & Videos'The community is angry.' 'People are taking it one day at a time.' 6 months after Buffalo massacre, some survivors and community members say time has done little to heal. BUFFALO: HEALING FROM HATE is a special project from ABC News:
Read more »
Biden, China's Xi Hold First In-Person MeetingOn Monday in Indonesia, President Joe Biden and Chinese President Xi Jinping held their first in-person meeting since Biden took office. See the potential bias and similarities in coverage from foxnews, usatoday and thehill:
Read more »
Biden, Xi meet at G-20 summit; Congress returns after elections; sports, entertainment highlights | Hot off the Wire podcastGet the latest news on Hot off the Wire, our daily news podcast.
Read more »
Zelenskyy celebrates liberation of Kherson; Roberta Flack has ALS; latest religion news | Hot off the Wire podcastThe war in Ukraine, student loans, Roberta Flack's health and religion news are among the topics in the latest daily podcast.
Read more »
Zelenskyy celebrates liberation of Kherson; Roberta Flack has ALS; latest religion news | Hot off the Wire podcastGet the latest news on Hot off the Wire, our daily news podcast.
Read more »