• 27 seconds ago
Warner Bros. Discovery’s CNN plans to lay off hundreds of employees Thursday as the company shifts its focus toward a global digital audience, according to sources. The layoffs come alongside changes to CNN’s linear TV lineup and the expansion of digital subscription products. CEO Mark Thompson recently disclosed a $70 million investment from Warner Bros. Discovery to enhance CNN’s digital operations, including hiring data scientists and product developers. In October, CNN introduced a digital paywall. Most high-profile employees under contract will not be affected. CNN employs approximately 3,500 people globally.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Warner Brothers Discovery CNN plans to lay off hundreds of employees Thursday
00:06as the company shifts its focus towards a global digital audience according to sources.
00:10The layoffs come alongside changes to CNN's linear TV lineup and the expansion of digital
00:15subscription products. CEO Mark Thompson recently disclosed a $70 million investment
00:20from Warner Brothers Discovery to enhance CNN's digital operations, including hiring
00:25data scientists and product developers. In October, CNN introduced a digital paywall.
00:30Most high-profile employees that are contacted will not be affected.
00:33CNN employs approximately 3,500 people globally.
00:36For all things money, visit Benzinga.com slash GSTV.

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