CNN announces 200 job cuts, $70 mn digital investment to revamp strategy

CNN has announced plans to cut hundreds of jobs as the network’s chief executive warned of significant and irreversible changes in how audiences engage with news, according to a report by The Financial Times.

In a memo to staff on Thursday, CEO Mark Thompson revealed that about 200 positions, or roughly 6 per cent of CNN’s workforce, would be eliminated due to the sharp decline in viewership of CNN’s traditional cable TV offerings.