Current:Home > FinanceRobert Brown|CNN cutting about 100 jobs and plans to debut digital subscriptions before year’s end -InfiniteWealth
Robert Brown|CNN cutting about 100 jobs and plans to debut digital subscriptions before year’s end
PredictIQ View
Date:2025-04-07 04:02:05
CNN is Robert Browneliminating approximately 100 jobs and plans to debut its first digital subscriptions before the end of the year as the news network leans into reshaping its business.
In a memo sent to staff on Wednesday, CNN CEO Mark Thompson said noted that it’s cutting just 100 jobs out of a total workforce of approximately 3,500. He said that open roles were closed wherever possible in order to minimize the total layoffs.
Media organizations including CNN have struggled to grow audiences and revenue, and have sought to diversify what they’re offering to customers.
Thompson said that CNN’s digital strategy must be “ambitious enough to deliver the audiences and the revenue we need to maintain our unique journalistic firepower and succeed as a business.”
The executive said CNN will create subscription-ready products that offer news, analysis and context in new formats. He emphasized that there will be an effort to keep users on CNN.com’s website longer and finding ways to get them to return more.
While CNN’s digital products have primarily focused on text articles, Thompson said there will be a shift to more video content being provided.
“In the future our digital products need to do a far better job of reflecting CNN’s massive strength in video and anchoring/reporting talent,” Thompson said.
The organization is also going to develop more “news you can use” for its audience, with lifestyles and features content. Thompson said these products will provide the company with various monetization opportunities, including sponsorships, new advertising and direct-to-consumer subscription.
CNN will also be pushing more into artificial intelligence, Thompson said, and will look at how it can safely use the technology to serve its audience.
Thompson, a former chief executive of the BBC and The New York Times, was named as the head of CNN in August 2023 and took over the role in October. He replaced Chris Licht, who was fired in June of that year. Thompson was credited with helping the Times transition to a digital-first organization more dependent on paid subscribers than the collapsing advertising market that has doomed many newspapers.
In January Thompson outlined a strategy to his staff that included a “drastic modernization” of the CNN.com website.
veryGood! (4343)
Related
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- CIA Director William Burns returns to Qatar in push for broader hostage deal
- Thunder guard Josh Giddey being investigated by police on alleged relationship with underage girl
- A friendship forged over 7 weeks of captivity lives on as freed women are reunited
- DoorDash steps up driver ID checks after traffic safety complaints
- Feminist website Jezebel will be relaunched by Paste Magazine less than a month after shutting down
- Mali, dubbed the world's saddest elephant, has died after decades in captivity at the Manila Zoo
- German authorities arrest a 15-year-old on suspicion of planning an attack
- 'Most Whopper
- Indiana judge dismisses state’s lawsuit against TikTok that alleged child safety, privacy concerns
Ranking
- Nevada attorney general revives 2020 fake electors case
- What to know about Joe West, who is on Baseball Hall of Fame’s Contemporary Era ballot
- Liam Hemsworth Shares How Girlfriend Gabriella Brooks Is Bonding With Brothers Luke and Chris Hemsworth
- Maine residents, who pay some of the nation’s highest energy costs, to get some relief next year
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Sewage spill closes 2-mile stretch of coastline at Southern California’s Laguna Beach
- Proposed NewRange copper-nickel mine in Minnesota suffers fresh setback on top of years of delays
- Rosalynn and Jimmy Carter bring needed attention to hospice care – and questions
Recommendation
New data highlights 'achievement gap' for students in the US
A forgotten trove of rare video games could now be worth six figures
Henry Kissinger, secretary of state under Presidents Nixon and Ford, dies at 100
Pastor disciplined after pop singer Sabrina Carpenter uses NYC church for provocative music video
Retirement planning: 3 crucial moves everyone should make before 2025
Suicide deaths reached record high in 2022, but decreased for kids and young adults, CDC data shows
Putting the 80/20 rule to the test
Shannen Doherty Details Horrible Reaction After Brain Tumor Surgery