Legacy cable networks, a profitable business for decades, have been hit by intense cord cutting by consumers who favor streaming services. Warner Bros Discovery is undergoing significant restructuring ...
STORY: CNN will layoff about 6% of its workforce as the cable news network shifts its strategy toward streaming services.That's according to an internal memo from CEO Mark Thompson seen by Reuters on ...
Jan 23 (Reuters) - Warner Bros Discovery-owned CNN will lay off about 6% of its workforce as the TV news outlet continues to shift its focus toward a more digital-centric strategy, according to an ...
CNN will cut 6% of its current workforce as part of CEO Mark Thompson’s continuing efforts to build up the Warner Bros. Discovery outlet’s digital and broadband acumen as the audience flocking ...