CNN is undergoing a significant transformation, cutting about 200 jobs, which is approximately 6% of its workforce, to pivot towards a digital future. CEO Mark Thompson announced plans for a new subscription streaming service, aiming to adapt to changing audience preferences. Despite the layoffs, CNN plans to invest $70 million in digital initiatives, expecting to hire 100 new employees in the first half of the year. This investment will focus on product development, technology, and high-quality journalism. The network will continue its presence on Max, the Warner Bros. Discovery platform, but is also developing a new streaming service for digital subscribers worldwide. Additionally, CNN is restructuring its TV schedule, with notable changes including the replacement of Jim Acosta’s show and the introduction of a new morning show.
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