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☆ How Warner Bros. Discovery layoffs, content cuts, and reorganization shocked Hollywood and fired up Wall Street
  + stars: | 2023-01-13 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com   time to read: +5 min
David Zaslav has been enjoying a stock runup after Wall Street analysts expressed increased optimism about Warner Bros. Discovery, with much cost-cutting behind it and growth ahead as it plans to launch a new streaming service. AT&T's WarnerMedia merged with Discovery in 2022 in a $43 billion deal, creating a content behemoth combining Warner's HBO, CNN, and famed Warner Bros. film studio with Discovery's lifestyle and reality fare. Read more:A new content strategy that could tarnish crown jewel HBOWBD also looked for savings and revenue by shifting its content strategy ahead of combining HBO Max and Discovery+ into a mega streaming service to launch this spring. WBD shocked entertainment insiders by canceling high-profile projects like "Batgirl" and yanking episodes of shows including "Sesame Street" from HBO Max, and it has made other moves that concerned Hollywood creatives.
☆ CNN announces revamped daytime lineup with new show format
  + stars: | 2023-01-11 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +3 min
New York CNN —CNN on Wednesday announced a revamped dayside programming lineup that the network said will employ a new format for shows to deliver the news to viewers. Instead, the spokesperson explained, they will be moving around and utilizing the full square footage of the network’s various studios. As a result of the programming changes, “CNN Newsroom” anchors Victor Blackwell and Alisyn Camerota will transition to new roles. CNN didn’t say specifically when the new schedule will go into effect, but the network said it will happen sometime in the coming months. The CNN chief, however, is still searching for a 9 p.m. host since anchor Chris Cuomo was fired in 2021.
☆ Bernard Kalb, former CNN anchor and correspondent for NBC and CBS, is dead at 100
  + stars: | 2023-01-08 | by ( Jon Passantino | ) edition.cnn.com   time to read: +3 min
New York CNN —Bernard Kalb, the long-time journalist and founding anchor of CNN’s “Reliable Sources” program, died on Sunday at his home in North Bethesda, Maryland, his family said. Kalb’s death was caused by complications from a recent fall, his younger brother, Marvin Kalb, told CNN by phone. Kalb then became the first anchor of CNN’s “Reliable Sources” program from 1992 to 1998. “We were so fortunate to have Bernie host Reliable Sources from its launch and during all those years. “We are all grateful for the many years we have been able to spend with a truly remarkable human being,” Marvin Kalb told CNN.
☆ Factbox: Tech firms leading job cuts in Corporate America
  + stars: | 2023-01-04 | by ( ) www.reuters.com   time to read: +9 min
Jan 9 (Reuters) - Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Microsoft Corp (MSFT.O):The software giant laid off under 1,000 employees across several divisions in October, Axios reported, citing a source. However, Bloomberg later reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. CNN:Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo that job cuts were underway.
☆ 21 top CNN execs who are on the market after Warner Bros. Discovery layoffs and the shutdown of CNN+ in 2022
  + stars: | 2023-01-02 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com   time to read: +1 min
After the Warner Bros. Discovery merger and shutdown of streamer CNN+, CNN lost a slew of top executives. Insider identified 21 accomplished pros from across the network who are on the market. It was a year of sweeping layoffs and organizational changes at CNN in 2022 as Warner Bros. Earlier in 2022, CNN cut 239 jobs following the abrupt closure of news streamer CNN+.
☆ 20 top CNN execs who are on the market after Warner Bros. Discovery layoffs in 2022
  + stars: | 2022-12-20 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com   time to read: +1 min
CNN lost a slew of top people after the Warner Bros. Discovery merger and shutdown of streamer CNN+. Insider identified 20 accomplished pros from across the network who are on the market. It's been a year of sweeping layoffs and organizational changes at CNN as Warner Bros. Earlier in the year, CNN cut 239 jobs following the abrupt closure of news streamer CNN+.
☆ CNN chief executive Chris Licht says the 'vitriol' aimed at him over his efforts to make the network less partisan has been 'stunning'
  + stars: | 2022-12-18 | by ( John L. Dorman | ) www.businessinsider.com   time to read: +4 min
CNN CEO Chris Licht said the "vitriol" aimed at him over changes at the network has been "stunning." And Licht has been adamant that CNN should be a network that people can trust, with less partisan coverage. "The uninformed vitriol, especially from the left, has been stunning," Licht told The Times. Licht told the newspaper that he knew coming into the position that it would not be an easy role. "I want CNN to be essential to society," Licht told The Times.
☆ CNN lays off hundreds, ends live programming for HLN
  + stars: | 2022-12-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNN lays off hundreds, ends live programming for HLNHundreds of CNN employees were notified of layoffs on Thursday as part of CNN CEO Chris Licht's efforts to streamline the network. CNBC's 'Squawk Box' team discuss.
☆ CNN lays off hundreds of staffers after business review − read the memo
  + stars: | 2022-12-01 | by ( Alex Sherman | ) www.cnbc.com   time to read: +5 min
Hundreds of CNN employees were notified of layoffs Thursday as part of CEO Chris Licht's efforts to transform the cable news network. Licht sent a memo to all staffers Thursday afternoon after the news was delivered to employees, which included long-time HLN anchor Robin Meade and reporter Chris Cillizza. ProgrammingOur programming teams will see some reductions in show staffs and, in some cases, the combination of teams for our dayside and weekend lineups. CNN DigitalCNN Digital conducted an exercise earlier this fall to ensure they were best structured for the future. I am proud of this CNN team, and together we will ensure CNN continues to be the world's most vital source of news and information.
☆ CNN gave its staff 24 hours to worry and stress about looming layoffs. Some experts say it's actually the right thing to do.
  + stars: | 2022-12-01 | by ( Shana Lebowitz | ) www.businessinsider.com   time to read: +4 min
Their divergent reactions suggest that perhaps there isn't a great way to let employees know you're getting rid of them. In the memo, CEO Chris Licht called the process of conducting layoffs a "gut punch." "I think employees appreciate advance notice that layoffs are coming," said Jaime Klein, the CEO of the human-resources consultancy Inspire HR. "That's really, really important," he added, because it shows that leadership is being relatively transparent and has some empathy for employees. If you ever want to rehire some of the employees you're letting go, it helps to leave a good impression.
☆ CNN’s chief outlines changes to network after layoffs, including end of live programming on HLN
  + stars: | 2022-12-01 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +6 min
New York CNN Business —CNN on Thursday executed sweeping layoffs and implemented a series of changes that impacted multiple divisions across the news organization, including ending live programming on HLN, the company’s chief executive, Chris Licht, said in a memo to employees. The layoffs, which started Wednesday and were expected to impact hundreds of employees, largely had been completed by Thursday afternoon. The series of changes, which came after Licht conducted a months-long review of CNN’s business after taking over in May as the network’s head, notably included the ending of live programming on HLN, CNN’s longtime sister channel. Discovery, CNN’s parent company. Some of those changes have already been implemented, as CNN has made smaller cuts to parts of its business in the last several months.
☆ CNN informs employees that layoffs are underway - CNN reporter tweet
  + stars: | 2022-11-30 | by ( ) www.reuters.com   time to read: 1 min
Nov 30 (Reuters) - Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo on Wednesday that layoffs are underway, according to a CNN reporter's tweet. loadingA representative for CNN did not immediately respond to a Reuters request for comment. Licht said CNN would notify a limited number of individuals, largely some of its paid contributors on Wednesday and the impacted employees on Thursday, according to the tweet. Reporting by Eva Mathews in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
☆ CNN informs employees that layoffs are under way - memo
  + stars: | 2022-11-30 | by ( ) www.reuters.com   time to read: +1 min
Nov 30 (Reuters) - Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo on Wednesday that layoffs are under way, according to an email seen by Reuters. Licht said CNN would notify a limited number of individuals, largely some of its paid contributors on Wednesday and the impacted employees on Thursday, according to the memo. "I know these changes affect both our departing colleagues and those who remain," Licht wrote. In October, Licht had warned CNN would be undergoing changes, citing "widespread concern over the global economic outlook." The changes would affect "people, budgets and projects," Licht had said.
☆ CNN is notifying staff of layoffs as Warner Bros. Discovery seeks further cost reductions. Read CEO Chris Licht's memo to staff about the cuts.
  + stars: | 2022-11-30 | by ( Claire Atkinson | ) www.businessinsider.com   time to read: +3 min
CNN is executing a huge layoff plan starting today, according to a company memo sent out by CEO Chris Licht. CNN CEO Chris Licht notified employees today that the news organization will begin lay-offs as part of a cost reduction effort implemented by parent company Warner Bros. On Thursday, CNN employees will learn if they are impacted. Read Licht's full memo below:To my CNN colleagues,Our people are the heart and soul of this organization. Tomorrow, we will notify impacted employees, and tomorrow afternoon I will follow up with more details on these changes.
☆ CNN begins layoffs in what CEO says will be a ‘gut punch’ to the network
  + stars: | 2022-11-30 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +4 min
New York CNN Business —CNN on Wednesday informed employees that layoffs had commenced, a move that is expected to impact hundreds of staffers at the global news network and mark the deepest cuts to the organization in years. CNN declined to say on Wednesday how many employees precisely would be impacted by the layoffs. The layoffs come as media companies are being battered by brutal economic headwinds that have taken a bat to the advertising sector. Social media companies such as Facebook (FB)-parent Meta, which also rely on advertising revenue, have also executed layoffs in recent months. After Licht took over as head of CNN, he conducted a months-long review of the business.
☆ CNN’s Programming Chief Michael Bass Is Set to Exit by Year’s End
  + stars: | 2022-11-21 | by ( Alyssa Lukpat | ) www.wsj.com   time to read: 1 min
CNN’s headquarters in Atlanta. The cable news network will launch a search for a new programming chief, CNN Chairman Chris Licht said. Michael Bass , CNN’s programming chief and a longtime ally of former President Jeff Zucker , is set to leave the network at the end of the year, CNN said. Chris Licht , CNN’s chairman and chief executive, wrote in an email to the company Monday that Mr. Bass decided to leave CNN after steering it through turbulent times. Mr. Licht didn’t say why Mr. Bass made the decision.
☆ CNN’s Programming Chief Michael Bass Is Set to Exit By Year’s End
  + stars: | 2022-11-21 | by ( Alyssa Lukpat | ) www.wsj.com   time to read: 1 min
CNN’s headquarters in Atlanta. The cable news network will launch a search for a new programming chief, CNN Chairman Chris Licht said. Michael Bass , CNN’s programming chief and a longtime ally of former President Jeff Zucker , is set to leave the network at the end of the year, CNN said. Chris Licht , CNN’s chairman and chief executive, wrote in an email to the company Monday that Mr. Bass decided to leave CNN after steering it through turbulent times. Mr. Licht didn’t say why Mr. Bass made the decision.
☆ CNN CEO Chris Licht details layoff plans at all-hands company meeting
  + stars: | 2022-11-15 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com   time to read: +4 min
CNN CEO Chris Licht detailed layoff plans to staff amid tough conditions for parent Warner Bros Discovery. CNN Worldwide Chairman and CEO Chris Licht attempted to assert his authority at an all-hands meeting with staff Tuesday morning about the coming layoffs and his plans for the news organization. Licht took some fire at the all-hands over his previous assertions in June that there would be no major layoffs. He told staff there will be a wider reorganization of newgathering staff. Licht also said there would be no layoffs at CNN Digital, although some newsgathering staff are part of CNN Digital.
☆ Factbox: Corporate America lays off thousands as recession worries mount
  + stars: | 2022-11-07 | by ( ) www.reuters.com   time to read: +7 min
DoorDash Inc (DASH.N):The food delivery firm, which enjoyed a growth surge during the pandemic, said it was reducing its corporate headcount by about 1,250 employees. Twitter Inc:The social media company laid off half its workforce across teams ranging from communications and content curation to product and engineering following Elon Musk's $44 billion takeover. Chime Financial Inc:The online banking firm has laid off 12% of its employees, or about 160 jobs, a spokesperson said. Coinbase Global (COIN.O):The cryptocurrency exchange said it planned to cut over 60 jobs, in its recruiting and institutional onboarding teams. CNN:Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo that job cuts were underway.
☆ Thousands of tech workers were laid off last week. Experts say it's just the beginning.
  + stars: | 2022-11-07 | by ( Jordan Parker Erb | ) www.businessinsider.com   time to read: +3 min
We've got a lot to get to today, so I'm going to get straight into the news, starting with why experts are warning that tech layoffs are just beginning. Thousands of workers were laid off last week. A Tesla alum used this pitch deck to raise a $2.5 million seed round for his startup. We got a look at the pitch deck its founder used to raise seed funding — check it out here. Plus, check out our full, searchable pitch deck database here.
☆ CNN CEO Chris Licht is facing an increasingly angry newsroom as more layoffs loom, plans are murky, and staff have lost confidence after 'horrible programming decisions'
  + stars: | 2022-11-04 | by ( Claire Atkinson | ) www.businessinsider.com   time to read: +9 min
CNN CEO Chris Licht has been faulted by the newsroom for too many changes and not enough communication. Chris Licht needs a hit. "People are starting to believe there is no plan," said one executive familiar with the workings of CNN. "Is Chris Licht going to be there for them and push back on government officials? Many on the ad sales team that was formerly dedicated to CNN have either been pink-slipped or joined the broader ad sales group under WBD ad honcho Jon Steinlauf.
☆ Warner Bros. Discovery is swirling with talk of more layoffs and concerns about integrating streamers HBO Max and Discovery+
  + stars: | 2022-11-03 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +3 min
Discovery insiders are bracing for another round of layoffs the week of November 7. This round is expected to hit sales support roles as the company looks for $3B in cost cuts. Some are also speculating that the planned streamer combining Discovery+ with HBO Max will be delayed. A second insider said WBD was closely scrutinizing vendor contracts as it tries to find cost savings wherever possible. Questions are also swirling about the company's new streaming service that will combine Discovery+ with HBO Max.
☆ CNN chief Chris Licht has big ideas, but employees are nervous, and more job cuts are coming
  + stars: | 2022-10-26 | by ( Alex Sherman | ) www.cnbc.com   time to read: +13 min
Courtesy: CNNShifting from ZuckerPart of Licht's challenge as the new leader of CNN is he's not the old leader. There's also a hangover effect from the sudden collapse of CNN+, which Zucker pushed relentlessly as the future of the business. The comments heightened anxiety for many CNN staffers, according to six people who were at the company at the time. The changes should also bring workflow alignments to CNN digital and linear, which should help both entities' content and organization. CNN still hasn't named a chief digital officer, although the company's job posting now says it's filled.
☆ CNN employees brace for layoffs after network chief warns of ‘unsettling’ changes ahead
  + stars: | 2022-10-26 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +2 min
New York CNN Business —“Unsettling.”That’s the sort of news CNN staffers had delivered to their inboxes at 1pm ET on Wednesday when network boss Chris Licht candidly informed them that sweeping changes are imminent. In other words, brace for layoffs by the end of the year. Licht, who has been conducting a business review of CNN for six months, said in a memo that he had identified areas where changes will be made. Licht’s memo came hours after CNBC’s Alex Sherman published a deep-dive examining the future of CNN. Licht said in his memo that he aims to have the changes implemented by end of year so that 2023 can start on a strong foot.
☆ More layoffs hit CNN as CEO Chris Licht sets strategy and shuffles talent across the organization
  + stars: | 2022-09-27 | by ( Lucia Moses | Emilia David | ) www.businessinsider.com   time to read: +2 min
CNN is laying off a small number of people in its audio division. A company rep said audio remains an important area for the company and that it's refining its strategy. CNN is laying off people in its audio division, according to affected staffers. One product manager posted on LinkedIn that their position had been eliminated and that the company told staff it planned to produce fewer audio series in 2023. "Audio is an important growth area for the company," the CNN rep said.
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