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CNN Cuts 100 Jobs, While CBS News President RESIGNS

Thursday, July 11, 2024 10:35

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The Democrat media axis destroyed this nation.

CNN cuts about 100 jobs, while CBS News president announces resignation
By The Associated Press, Jul. 10, 2024:

NEW YORK (AP) — CBS News President Ingrid Ciprian-Matthews said Wednesday she’s resigning after less than a year in her role, and CNN announced that it was eliminating approximately 100 jobs in continued signs of upheaval for the media business.

Ciprian-Matthews will continue to work as an adviser through the presidential election before exiting CBS News. She was named CBS News president last August.

Her resignation came a few days after CBS parent Paramount Global announced it was selling control of the company to the entertainment firm Skydance, which is expected to make job cuts at CBS.

Ciprian-Matthews alluded to coming changes in a memo she sent to staff members.

“We all know our industry and company are going through a transformation and a number of short- and long-term decisions need to be made,” she wrote. “I do not want to be disingenuous with any of you about who should drive these decisions.”

Once one of the most powerful jobs in journalism, the broadcast network news president job is evolving into a secondary role under a corporate-appointed manager. In the case of CBS, Ciprian-Matthews has reported to Wendy McMahon, president and CEO of CBS News and Stations.

CNN said it plans to debut its first digital subscriptions before the end of the year as the news network leans into reshaping its business. The network’s plans were outlined in a memo sent to staff on Wednesday by CNN CEO Mark Thompson.

Thompson said that the 100 jobs come out of a total workforce of around 3,500 people. He said that open roles were closed wherever possible in order to minimize the total layoffs.

Media organizations including CNN have struggled to grow audiences and revenue, and have sought to diversify what they’re offering to customers.

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Source: https://gellerreport.com/2024/07/cnn-cuts-100-jobs-cbs-news-president-resigns.html/

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