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CNN To Launch New Streaming Service As It Sets Sights On Digital Future; About 200 Jobs To Be Cut In Restructuring (deadline.com)

submitted 4 days ago by [email protected] to c/technology

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CNN is cutting about 200 jobs as it focuses on a digital future, the network announced today, while its CEO Mark Thompson unveiled plans for a new subscription streaming service. In a memo to staffers, Thompson wrote, “Our objective is a simple one: to shift CNN’s gravity towards the platforms and products where the audience […]

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[–] [email protected] 0 points 3 days ago* (last edited 3 days ago)

They don't really have a choice. TV viewership has been on decline.

kagis

https://www.oberlo.com/statistics/how-much-tv-does-the-average-american-watch

Time spent watching television: digital video vs. traditional TV

From 2021 to 2025, daily time spent watching traditional television is projected to plummet by 28 minutes. In contrast, Americans are spending increasingly more time consuming digital videos. In 2021, they spent an average of three hours a day enjoying digital videos. By 2025, this is set to grow to four hours, marking an overall rise of 33.3%.