Warner Bros Discovery announced that it will layoff hundreds of employees to rearrange its linear TV lineup and build out digital subscription products.
CNN to cut hundreds of Jobs as the Trump administration takes over the seat in Washington D.C. The announcement came from the top boss of CNN Mark Thompson. The announcement on Thursday claims that CNN will soon lay off hundreds of employees. Well, it will take up the jobs of several journalists in the United States. However, the announcement has a reason at its back. Mark had given a warning to the CNN talent including Jake Tapper and Anderson Cooper. The advice was that they ought to avoid “pre-judging” President Donald Trump. So, is there a Trump card behind the layoffs?
We know that the world is transforming into a global digital hub. And the conventional TV screens are less relevant today. After all, we see our news, updates and information on our cellular devices. The era of TV is far behind the digital legacy. It is one of the similar reasons for CNN as well. The ratings for CNN are a huge challenges at present. Thus, it is forcing the CNN to take its business model around a global digital audience.
It is clear that CNN is facing severe financial challenges. Moreover, the Trump administration is very likely to give a tough time to CNN. It is forcing CNN to lower its production costs. Some shows produced in New York or Washington may move to Atlanta, where production can be done more cheaply, the report said.
While CNN to cut hundreds of Jobs. The global media industry is also facing severe financial crisis. However, its impact on US media seems to be higher. For instance, NBC News is also announcing job cuts for its employees. Moreover, Jeff Bezos also announced layoffs for 4% of Washington Post employees earlier in January. The global newswire Associated Press also announced plans to layoff 8% of its workforce in November 2024.
