Posted on 06/18/2025 5:50:06 AM PDT by george76
The struggling news network is expected to face massive spending cuts by company chief Gunnar Wiedenfels
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CNN staffers are bracing for impact as the network faces yet another corporate restructuring by its parent company Warner Bros. Discovery (WBD), fueling an unsettling morale in the newsroom.
"I'd say the mood remains really grim,"
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WBD announced that it was splitting into two companies, separating the studios and streaming business from its cable networks
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"We knew this was happening," the CNN staffer said. "And it was required to be able to sell the company. People are hoping CNN will be sold - and as Gunnar said, there is no limit, any sale can be made at any time - to a buyer who will invest in it. That's the bottom line."
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While Global Networks will retain a 20% stake in the studio and streaming business, CNN's new parent company will have a heavy burden taking on most of Warner Bros. Discovery's massive debt. And Wiedenfels is expected to tighten the purse strings.
"I think they’ve telegraphed clearly that more cuts are coming. Gunnar 'efficiency,'" the CNN staffer said. "And we don’t have streaming yet so - it’s hard to imagine it doesn’t get worse [CNN is set to launch a new streaming service this fall]."
"His remit is not to grow stuff. This company is a cash-flow giant with shrinking revenue. Like that’s the deal. It’s merely a matter of how fast it shrinks. That’s why the assets were split,"
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CNN has repeatedly been orphaned by corporate parents for years, from Time Warner in the 90s, to AOL in the early 2000s, to AT&T in 2018, leading to its 2022 spinoff of Warner Bros. Discovery led by CEO David Zaslav.
(Excerpt) Read more at foxnews.com ...
More free time to do what they have already been doing. Locking arms with rioters.
Look at the bright side. Scott Jennings can now run for the turtle’s seat.
Sad because They might actually have to work for a living...................
Nice to see. And they are still blind as to the reasons why.
CNN is a CABLE company
CABLE is obsolete
CNN is obsolete and need not exist
QED
CNN korporate will use Indian programmers pretending to be “AI” to write propaganda stories, and can then fire the current staff.
bump
I’m sure those folks from CNN aka Constipated News Nerds will be able to find jobs commensurate with their skills ... as I hear there are a lot of openings for folks driving garbage trucks.
No matter what happens, they’ll have their insufferable self righteousness to keep them warm.
I take comfort in that
IF they were smart...
They could easily go to a 24/7 straight news format with no name newsreader/anchors. and quickly rebuild their reputation and brand.
Hopefully there’s a Jim Jones over there who will host a Koolaid party.
Does anyone know when the airport licenses run out for CNN? I seriously doubt those will be renewed and, if not, I think that’s the death knell for CNN. To me, their demise is a karma thing...
It must be discouraging ro CNN anchors to know that more people watch CNN on Fox than on CNN. Not to mention the companies that pay to advertise on CNN.
Perhaps they could call Trump Hitler some more?
I agree. I had some work done with DISH Cable the other day, and we chatted a bit. The conclusion we both reached was that everything will be streaming within 5 years. Dish is already changing for that and I assume the others are also.
The ironic truth of your statement is truly telling.
I had one job where we all knew we were getting axed. We just didn’t know when. It’s an awful feeling. HEY CNN! ENJOY!!😁
Maybe CNN might consider airing news again, instead of Leftist activist propaganda?
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