CNN Cuts 100 Jobs, and Announces Plan for Digital Subscription Product

CNN’s top leader announced 100 job cuts on Wednesday as well as a digital strategy that would include a new subscription-only digital offering by the end of the year. The company is laying off around 100 people, or about 3 percent of its work force. The layoffs would come “across the company,” Mark Thompson, the network’s chairman, said in a memo to employees. CNN last had significant layoffs in late 2022. Mr. Thompson announced the job cuts as the company began to unveil steps on a digital plan that he said would help the network “regain a leadership position in the news experiences of the future.” Mr. Thompson, the former chief executive of The New York Times and a senior leader at the BBC, has been in charge of CNN since October 2023. He has promised a more robust digital strategy as people flee traditional cable packages in favor of streaming entertainment. CNN’s ratings have plummeted over the last two years, more so than those of its primary competitors, Fox News and MSNBC. Additionally, CNN’s parent, Warner Bros. Discovery, has an enormous debt load, and its share price has fallen sharply this year. CNN got a recent shot in the arm when it organized and broadcast the first presidential debate in late June, an event that continued to set off alarm bells within the Democratic Party about the future of President Biden’s campaign. CNN made the debate available for other outlets to broadcast, and it drew more than 50 million viewers overall. About 9.5 million of those watched on CNN. As part of the announcement on Wednesday, Mr. Thompson said CNN.com’s “first subscription product” would debut later this year. He also said the company would create “a growing stable of ‘news you can use’ offerings” in lifestyle coverage. Additionally, he said the company would make a push into artificial intelligence. Mr. Thompson laid out a reorganization that would include merging three separate newsrooms (U.S. news gathering, international news gathering and digital news) under one leader, Virginia Moseley. And on the prime-time television front, he has directed deputies to “increase audience competitiveness and also keep a close eye on production costs.” “Turning a great news organization toward the future is not a one-day affair,” Mr. Thompson wrote in a memo to employees. “It happens in stages and over time. Today’s announcements do not answer every question or seek to solve every challenge we face. However, they do represent a significant step forward.” John Koblin covers the television industry. He is the co-author of “It’s Not TV: The Spectacular Rise, Revolution, and Future of HBO.” More about John Koblin CNN, Mark Thompson Inside the Media Industry — Paramount: ​​Paramount and Skydance said they had reached an agreement to merge. The deal could make David Ellison, the tech scion behind Skydance, one of the most powerful people in Hollywood. — Netflix and Amazon: The two studios are driving a small bump in the market for TV shows after a major slowdown, greenlighting even more scripted projects. — USA Today: ​​Terence Samuel, the newspaper’s editor in chief, is leaving the role after a year, sharing that his departure was “sudden” but that he could not talk about why he was stepping down. — Fox News: President Biden’s son Hunter Biden sued the network, arguing that a mini-series it produced broke the law by sharing explicit photos and videos of him without his permission. — The Washington Post: ​​Robert Winnett, the editor selected to run the paper following Sally Buzbee’s resignation, will not take up that position, after reports raised questions about his ties to unethical news gathering practices in Britain.