• Subscribe
  • Advertise
    • Media Info
    • Terms & Conditions for Advertisers
    • Mechanical Data

Broadband TV News

Independent. Since 2003

  • Home
  • News Line
    • Central & East Europe
    • People
  • TV
    • On Demand/VOD
    • IPTV
    • Cable
    • Satellite
    • Terrestrial
    • Distribution
  • Business
  • Tech
  • Columns
    • Chris Dziadul
    • Julian Clover
    • Robert Briel
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • Features
  • Resources
    • White Papers

CNN commences staff layoffs as WBD cuts bite

December 1, 2022 12.40 Europe/London By Julian Clover

CNN has told employees that it has begun the process that will lead to redundancy for hundreds of its employees.

In a memo to staff Chris Licht, the network’s newly installed chief executive, that it was “incredibly hard to say goodbye to any one member of the CNN team, much less many.”

In October Licht told employees that “unsettling” times were ahead for the network in the wake of the financial climate and cost-cutting at new parent Warner Bros. Discovery (WBD).

Those first to receive notices on Wednesday are some of the highly paid contributors to the network, suggesting there will be noticeable on screen changes. Today, Thursday, will see other staff informed. Licht declined to put a number on how many staff would be let go, but promised to report back once the process had been completed.

The merger of the network into Warner Bros. Discovery has already resulted in the closure of the streaming service CNN+, just one month after its launch. Boss David Zaslav has already committed to investors that he intends to cut $3 billion in costs.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Newsline Edited: 1 December 2022 12:41

Avatar photo

About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

Latest News

  • New acting chair for BBC
  • Orange Belgium completes VOO acquisition
  • 60% of Spanish connected homes watch paid online content
  • PPF Group raises stake in ProSiebenSat.1 Media
  • TVP VOD adds linear channels

Free Ebook

Whitepaper: Why Wi-Fi 6 is Key for ISP Success

Wi-Fi 6 and Wi-Fi 6E client devices are entering the home in an unprecedented way, surpassing 50% market share since their introduction in 2019 (compared to four years for Wi-Fi 5). … [Download the eBook...]

Q & A

Q & A: MainStreaming CEO Antonio G. Corrado

Broadband TV News sits down with MainStreaming’s CEO, Antonio G. Corrado to talk, streaming, latency, and ANGA COM.

Broadband TV News

  • Subscribe
  • About us
  • Contacts
  • Logos & Pictures
  • Privacy Policy
  • Terms and Conditions

Advertising

  • Media Info
  • Terms & Conditions
  • Mechanical Data
  • Video Services

News

  • Latest
  • Central & East Europe
  • TV
  • Tech
  • Streaming
  • Cable
  • Satellite
  • Terrestrial
  • IPTV
  • Business
  • People

Events

  • Events Diary
  • BTN Events
  • Submit the details of your event
  • Media Meet & Greet

Broadband TV News

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Connect with Us

 

Copyright © 2023 Broadband TV News LLP · Log in

 

Loading Comments...