media death spiral: More CNN layoffs

[danny burstein]

[cnn...]

CNN chief Mark Thompson announces sweeping overhaul of news network, cuts
100 jobs



Mark Thompson, the CNN chief executive appointed last year to modernize
the news network, unveiled a set of sweeping changes to the iconic outlet
Wednesday, announcing plans to build a billion-dollar digital business,
experiment with artificial intelligence and overhaul key newsroom
structures.

The far-reaching measures, which Thompson described to staffers in a memo
as a "key milestone in the transformation of CNN," will result in
about 100 employees, or about three percent of the workforce, being laid
off. Those employees, Thompson said, will be eligible for severance
packages.
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rest:
https://www.cnn.com/2024/07/10/media/cnn-mark-thompson-layoffs-overhaul

"a billion dollar digital business". Anyone else remember
the TW buyout of AOL?


_____________________________________________________
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