Posted on 05/06/2019 8:14:23 PM PDT by RightGeek
CNN is planning to cut up to 300 jobs, "many being older employees with years at the network," according to a report on Monday.
According to FTVLive, a website that monitors the television industry, "Word is that just under 200 people will be pink slipped and just over 100 will be offered a buyout." Staffers are reportedly calling the cuts a "massive brain drain" because so many veteran employees are being given pink slips.
The website obtained an email that Tony Maddox, the executive vice president and managing director of CNN International, shared with staff announcing his departure. "After 21 years I am leaving CNN," Maddox wrote on Monday. "It has been the honor of my life to work for, and then lead CNN International. What a privilege to make a living doing such important work with truly outstanding people."
"I always feel enormous pride when I say I am with CNN," he continued. "This really is a remarkable company. Working for it is real life, amplified. Everything is more intense, vivid, and in the end, so rewarding."
It's also more fantastical, some would say.
Aidan McLaughlin, an editor for Mediaite, tweeted that, according to a CNN source, the cable network is not making layoffs, but "more than 100 staffers took part in a voluntary buyout program"
...
There's no indication that the worst offenders -- Chris Cuomo, Brian Stelter, Manu Raju, Don Lemon, and Jim Acosta -- are going anywhere. Likely it's mostly the behind-the-scenes employees -- who have nothing to do with the network's editorial spin -- slated lose their jobs.
(Excerpt) Read more at pjmedia.com ...
If people could have trusted CNN as an unbiased and accurate news source, without an agenda, and willing to call out anyone irrespective of party, they’d still be doing well. Instead, they put their ideology and arrogance above all else, and stopped doing their job. They are paying a big price for that.
LOL, learn to code......
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HaHaHaHaHaha..... Rush should be all over this tomorrow. My heart bleeds.....poor, poor, Clinton News Network, sorry, Commie News Network, sorry, Constipated News Network, oh never mind. Jane got out just in time. Teddy boy is retiring to his ranch to have a bison burger....HaHaHaHa....
It has happened to a lot of us.
Past time for the Ministry of Propaganda to have layoffs.
CNN deserves to die. I’m worried about FOX hiring any of those 300 a$$h*les. Then FOX will deserve to die also. Too bad CNN has no code of honor, by having those 300 slit their abdomen with a knife so they can’t spread their “brain drain” to other networks.
Aw that’s a shame (Seinfeld insincerity)
It should be pointed out that CNN Headline News, which was also one of the major news channels has essentially ceased to exist.
As Obama would say, it is a good thing, they have been freed up to seek new opportunities.
It’s a start. Hope more will follow.
“Why aren’t turds like Don Lemon and Chris Cuomo taking pay cuts to help their co-workers?”
That’s a good question
As G Gordon Liddy would say “ NA ha ha ha”
I don’t think CNN could have a brain drain.
Something to look forward to!
” Headline News”
You know I’ve thought for many years that it should go back to what it originally was....headline news, no editorials, no chit chat, just straight news.
What is most amusing at an airport is to see CNN on multiple screens and the passengers using their phones to watch what they want. CNN is ignored by most.
No. People have no idea how CNN makes it’s money.
Nearly half of it’s revenue comes from carriage fees, which is currently about $1 per month or $12 per year from eveyr cable and satellite subscriber. Of which there are 90 million...so do the math...that’s $1.092 billion in revenue every year for just showing up.
Ratings aren’t a factor, they get this money regardless. It’s quite a nice gig considering fewer than 1 million watch CNN yet 90 million pay for it.
Cut the cord? Sure, about 1 million did last year. So that’s $12 million they didn’t get, vs the 1 billion they did.
I get tired of explaining this over and over and over...
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