The Associated Press on MSN15d
CNN is announcing layoffs as part of a further shift to digital businessThe layoffs are concentrated in CNN’s TV business, where ratings have tumbled as consumers cut off cable and seek other news sources.
Discovery is investing $70 million into CNN’s digital plans, Thompson said. The layoffs mean about 200 jobs will be lost ... ...
But more than four decades later, the pay TV business that provides CNN with well over half of its revenue is sinking fast.
CNN Is Announcing Layoffs as Part of a Further Shift to Digital Business CNN announced a restructuring Thursday that includes some 200 layoffs, an accelerated pivot to digital operations and new ...
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