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CNN cuts a whole lot of jobs and introduces a paywall

The American information channel CNN desires to generate further revenue with a paywall for on-line content material. Round 100 staff may also be laid off. CNN CEO Mark Thompson introduced this on Wednesday.

CNN has been on the lookout for the correct technique within the competitors with streaming companies for a while. The information channel already launched a paid streaming service in 2022, nevertheless it was shut down after a month. The then CEO was adopted a yr later by Briton Mark Thompson.

In a prolonged word to workers, Thompson now introduced a brand new digital technique, together with paid companies. The primary subscription can be launched earlier than the top of the yr.

The CEO additionally desires to merge the three present editorial workplaces – for the USA, the remainder of the world and digital – into one editorial workplace. About 100 of the three,500 jobs will likely be misplaced.

The information comes at a time when CNN is hoping to regain viewers because of the American presidential elections. The channel was in a position to differentiate between the opponents Fox Information and MSNBC by organizing the primary debate between the President Joe Biden and the opponent Donald Trump on June 27.

2024-07-10 19:48:47
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