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CNN Expected To Announce Substantial Job Cuts
The network is restructuring to place an emphasis on digital.
CNN is expected to announce significant job cuts this week, part of CEO Mark Thompson’s long-in-the-works restructuring plans to place more emphasis on the digital future. The network has sought new avenues for raising revenue, launching a paywall last fall on CNN.com, which is one of the highest trafficked news sites in the world. The job reductions are now commonplace across media, as companies have seen a disbursement of ad dollars and a migration of other audiences to other platforms.
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