CNN boss said ‘widespread concern over the global economic outlook’ factors into planning
Posted BY: Bill | NwoReport
CNN plans to make noticeable changes that will “affect people, budgets, and projects” before end of 2022, according to CEO Chris Licht.
Licht sent an internal memo to staffers, which has been obtained by Fox News Digital, that didn’t mention the dreaded “layoffs” word but strongly hinted at cost-cutting measures would occur in the near future.
“I have spent the last six months meeting so many of you and diving deep into every corner of the company to understand how you do the incredible work CNN produces every day, how we’re structured, and defining our top priorities. As many of you know, I have also spent much of that time doing formal business reviews with senior staff to identify areas where we should make changes, investments, and reductions to match our future priorities,” Licht wrote.
Licht, who took control of CNN earlier this year following a long-planned merger that put the network under the control of Warner Bros. Discovery, noted changes that have already been made on his watch. CNN has “restructured” its digital team, combined newsgathering operations across digital and linear and announced plans to shake up morning and primetime programming lineups.