Some of the highest U.S. news channels are reportedly planning layoffs amid a concentrate on digital, media studies indicated Thursday.
CNN, a unit of Warner Bros Discovery, plans to put off tons of of workers on Thursday because it refocuses the business round a worldwide digital viewers, CNBC reported on Wednesday, citing individuals conversant in the matter.
The job cuts come as CNN appears to rearrange its linear TV lineup and construct out digital subscription merchandise, CNBC stated, including that the transfer will assist CNN decrease manufacturing prices and consolidate groups.
Some exhibits produced in New York or Washington might transfer to Atlanta, the place manufacturing will be accomplished extra cheaply, the report added.
NBC News, owned by Comcast, can be planning job cuts later this week, in response to the report. While there is no such thing as a precise quantity, the layoffs will likely be nicely underneath 50. NBC News introduced earlier in November that it plans to spin off its MSNBC and CNBC channels.
These developments replicate a broader pattern within the media trade as organizations adapt to altering client habits by focusing extra on digital platforms.
During a city corridor assembly earlier this month, CNN CEO Mark Thompson stated the media firm has acquired an funding of “more than $70 million” from Warner Bros Discovery to assist fund the corporate’s digital operations, CNBC report stated. Part of that funding will go towards hiring workers in areas the place CNN sees potential progress avenues, corresponding to knowledge scientists and product growth.
Comcast and Warner Bros Discovery didn’t instantly reply to Reuters requests for touch upon the report.
The report additionally stated that each news organizations waited till after the U.S. presidential inauguration to make the cuts.
The Washington Post, owned by Amazon.com founder Jeff Bezos, stated earlier this month that it might lay off about 4% of its workforce or lower than 100 workers in a bid to chop prices because the storied newspaper grapples with rising losses.
In November, the Associated Press (AP) stated it might reduce about 8% of its workforce because it appears to modernize its operations and merchandise.
As the media panorama evolves, each CNN and NBC News look like implementing these measures to place themselves for future success in an more and more digital world.
Source: www.dailysabah.com