CNN will cut about 100 jobs, or roughly 3 per cent of its staff, as the television broadcaster consolidates its newsrooms and charts ambitious plans to create a billion-dollar digital business.
In a memo to staff on Wednesday, chief executive Mark Thompson said CNN would launch a digital subscription service before the end of 2024, as he invoked the “pioneering spirit” of CNN founder Ted Turner who paved the way for America’s cable news industry in the 1980s.
Thompson, the former BBC director-general who was last year appointed chief executive to turn around the struggling cable network, said he wanted to create “an integrated and significantly streamlined multimedia news operation [and] a bold new digital strategy”.
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