JOURNAL ARTICLE

CNN Cuts 6% of Jobs in Strategy Pivot to Focus on Streaming.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Miller, Hannah 3 of 3

Abstract

Warner Bros. Discovery Inc.'s CNN division has laid off 6% of its workforce, approximately 200 employees, in a strategic shift towards focusing on streaming and digital platforms due to declining ratings. The company plans to invest $70 million to support this transition, including hiring 100 new employees for digital initiatives and launching a new streaming service. CNN's move reflects broader industry trends as more viewers shift from cable TV to streaming services for news consumption. The network is also developing new digital subscription products and rearranging its television lineup to adapt to changing audience preferences. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/01, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:182412717
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