News
CNN to lay off hundreds of employees as post-inauguration transformation begins, sources say
Warner Bros. Discovery’s CNN plans to lay off hundreds of employees Thursday as it refocuses the business around a global digital audience, according to people familiar with the matter. The layoffs come as CNN is rearranging its linear TV lineup and building out digital subscription products.
Related Knowledge Center: State of the business model
State of Play
The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.