CNN will be firing hundreds of employees including some of their top stars according to Puck News. The news comes as CNN’s Chris Wallace says he is not returning after his contract expires. “In the next few months, I’m told, CNN will implement another round of layoffs that will impact hundreds of employees across the organization,” reporter Dylan Byers wrote. “Some of the on-air talent are also likely to be affected.” It’s unclear at the moment who will be axed but stars like like Anderson Cooper make $20 million a year while Kaitlan Collins makes $3 million a year. – Collin Rugg
JUST IN: CNN will be firing hundreds of employees including some of their top stars according to Puck News.
The news comes as CNN’s Chris Wallace says he is not returning after his contract expires.
“In the next few months, I’m told, CNN will implement another round of layoffs… pic.twitter.com/oHn9uJVNL9
— Collin Rugg (@CollinRugg) November 12, 2024
- Election Night Ratings Decline: CNN’s viewership on election night dropped significantly, with the network falling behind both Fox News and MSNBC.
- Layoffs Announced: In response to declining ratings and financial pressures, CNN has announced plans to lay off approximately 100 employees, representing about 3% of its workforce.
- Digital Subscription Service: CEO Mark Thompson revealed plans to launch CNN’s first digital subscription service by the end of the year, aiming to create a billion-dollar digital business.
- Consolidation of Newsrooms: CNN will merge its U.S., international, and digital newsrooms into a single unit to streamline operations and reduce costs.
- High-Profile Departures: Veteran anchor Chris Wallace announced his departure from CNN after three years to explore opportunities in streaming and podcasting.
Comcast is putting MSNBC up for sale.
CNN just announced massive layoffs coming.Maybe the new owners will figure out that lying non-stop to your audience is a lousy business model. pic.twitter.com/XRSE15aGWQ
— Wall Street Silver (@WallStreetSilv) November 12, 2024
- Salary Freezes and Cuts: Top anchors Jake Tapper and Wolf Blitzer have been denied salary raises, while Chris Wallace was reportedly asked to take a pay cut.
- Financial Challenges: Parent company Warner Bros. Discovery reported a $10 billion net loss in the second quarter, contributing to the financial pressures on CNN.
- Shift to Digital Platforms: The network is focusing on expanding its digital presence, including plans to enhance content on the Max streaming service and explore artificial intelligence applications.
- Internal Restructuring: Staff may be required to take on additional responsibilities, such as producing their own content for various platforms, as part of the network’s overhaul.
- Public Perception: These developments have raised questions about CNN’s future direction and its ability to adapt to the evolving media landscape.
This is why @CN and mainstream media is getting destroyed. Delusional Arrogant Pompous And is SICK OF THIS non sense. – Patrick Bet-David
This is why @CNN and mainstream media is getting destroyed.
Delusional
Arrogant
PompousAnd 🇺🇸 is SICK OF THIS non sense.
— Patrick Bet-David (@patrickbetdavid) November 9, 2024
More on CNN from Glenn Beck: CNN is FREAKING OUT about how close @elonmusk is working with @realDonaldTrump Wow, how terrible that the Thomas Edison of our time is helping the future President rebuild America – not in secret, but out in the open for everyone to see! I’m glad he’s there.
CNN is FREAKING OUT about how close @elonmusk is working with @realDonaldTrump. Wow, how terrible that the Thomas Edison of our time is helping the future President rebuild America – not in secret, but out in the open for everyone to see!
I’m glad he’s there. pic.twitter.com/6XEhHkYN00
— Glenn Beck (@glennbeck) November 12, 2024
