Looks like major changes are coming to CNN. And not in a good way.Chris Licht, chairman of CNN, sent a memo to staff Wednesday, writing that a “noticeable change” is on the way. The memo came out just a few hours after CNBC’s Alex Sherman reported that budget cuts and layoffs are expected before year’s end.In his memo to staff, Licht wrote, “There is widespread concern over the global economic outlook, and we must factor that risk into our long-term planning. All this together will mean noticeable change to this organization. That, by definition, is unsettling. These changes will not be easy because they will affect people, budgets, and projects.”Sherman wrote, “Licht doesn’t have a specific order to cut a certain amount of jobs or save a specific percentage of spending. But he’s planning to cut parts of CNN that have become bloated over time, said (sources).”The New York Times’ Benjamin Mullin wrote, “CNN will have operating expenses of about $882 million this year, according to estimates from S&P Global Market Intelligence. Even a single-digit percentage cut from that budget would shave millions of dollars and potentially dozens of jobs from the network.”It has been quite the tumultuous year for CNN. It started with Jeff Zucker in charge, but he eventually was let go after failing to disclose he was in a relationship with one of his top executives. CNN ultimately was a part of a sale and is now under the Warner Bros. Discovery umbrella.
Origen: CNN is facing unsettling news in uncertain times – Poynter
