CNN is allegedly in the beginning stages to lay off “hundreds ” of people. CNBC reported that the cuts “won’t affect CNN’s most recognized names, who are under contract, ” according to solutions.
Fox News Digital recently reported in November that CNN did experience significant layoffs by March and that its effects on the network may be “very important. ” One individual predicts “more shows may be streamlined and produced out of Atlanta ” and that those impacted the most are the “expensive” shows being produced in New York City.
“ I am overall very sad and deeply frustrated, ” a longtime CNN staffer told Fox News Digital. “Feelings which are widespread throughout the business among those who have been around a long time and experience a deep personal link to having helped create the business. ”
“It’s a period of a complete and utter business model reform and conflict. Really hard even under the best circumstances, ” the CNN employee added.
“ I am worried because the industry is obviously in trouble … I’m sure there will be cuts, ” a second CNN staffer told Fox News Digital.
Also, the system is reshaping its week portfolio, which did see Jim Acosta losing his 10 a. m. ET present and is in talks to shift to a fresh position. Acosta’s system will become replaced by The Situation Room with Wolf Blitzer and Pamela Brown, with Blitzer moving over from his early-evening casino. Audie Cornish will also be getting her own night show.
Fox Business studies that “CNN’s economic struggles were put under the limelight last week after a jury found the system had defamed a Navy veteran and approved that he could find punitive damages. The legal challenge resulted in a lawsuit. ”
During the constitutional challenge, criminal analyst Robert W. Johnson was hired to evaluate CNN’s money. Johnson testified CNN was worthwhile$ 4. 4 billion in 2021 but dropped to$ 2. 3 billion in 2023, according to provided revenue files from the system.
Johnson ’s data also showed that CNN’s revenue dropped from$ 2. 2 billion in 2021 to$ 1. 8 billion in 2023. CNN’s online income over the same time dropped from$ 0. 6 billion in 2021 to$ 0. 4 billion in 2023.
