Warner Bros. Discovery, Inc. (WBD)
CNN Cuts 200 Jobs, Invests $70 Million in Newsroom Overhaul
To survive competition in the era of streaming, Warner Bros. Discovery company is slashing CNN's television workforce even more while simultaneously investing $70 million to focus on new digital products.
Longtime Warner Bros. Interactive Entertainment president David Haddad will step down
David Haddad, who has served as Warner Bros. Interactive Entertainment president for 12 years, is leaving the company.
CNN to cut 200 jobs under modernization efforts
CNN has unveiled plans to cut 210 jobs under wider efforts to modernize its operations around a global digital audience. Equating to around 6% of the Warner Bros Discovery Inc-owned business' headcount, reductions were announced in a staff memo on Thursday.
Report: CNN Will Lay Off ‘Hundreds' In Post-Election Cost-Cutting
CNN on Thursday will reportedly lay off “hundreds” of employees as the network seeks to cut production costs and shift its focus from declining viewership in cable news. CNBC, citing sources “familiar with the matter,” reported Wednesday night that CNN will “consolidate teams” and move production of some shows from New York and Washington to Atlanta “where production can be done more cheaply.
CNN Expected To Announce Substantial Job Cuts
CNN is expected to announce significant job cuts this week, part of CEO Mark Thompson's long-in-the-works restructuring plans to place more emphasis on the digital future. CNBC first reported on the job reductions, which could number in the hundreds. A CNN spokesperson declined comment.
CNN plans to lay off hundreds of employees, cut costs as NBC plots firings
The job cuts come as CNN looks to rearrange its linear TV lineup and building out digital subscription products.
CNN to lay off hundreds of employees, CNBC reports
CNN, a unit of Warner Bros Discovery , plans to lay off hundreds of employees this week, as it refocuses the business around a global digital audience, CNBC reported on Wednesday, citing people familiar with the matter.
CNN to lay off hundreds of employees as post-inauguration transformation begins, sources say
CNN is planning to lay off hundreds of employees this week. NBC News is also planning layoffs this week, although the scale will be much smaller than those at CNN.
Investors who lost money on Warner Bros. Discovery, Inc.(WBD) should contact Levi & Korsinsky about pending Class Action - WBD
NEW YORK, NY / ACCESSWIRE / January 15, 2025 / If you suffered a loss on your Warner Bros. Discovery, Inc. (NASDAQ:WBD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E.
Lost Money on Warner Bros. Discovery, Inc. (WBD)?
NEW YORK, NY / ACCESSWIRE / January 15, 2025 / If you suffered a loss on your Warner Bros. Discovery, Inc. (NASDAQ:WBD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E.
Levi & Korsinsky Notifies Warner Bros. Discovery, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - WBD
NEW YORK, NY / ACCESSWIRE / January 15, 2025 / If you suffered a loss on your Warner Bros. Discovery, Inc. (NASDAQ:WBD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E.
Levi & Korsinsky Reminds Warner Bros. Discovery, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 24, 2025 - WBD
NEW YORK, NY / ACCESSWIRE / January 15, 2025 / If you suffered a loss on your Warner Bros. Discovery, Inc. (NASDAQ:WBD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E.
