CNN cuts about 100 jobs, plans to launch digital subscriptions before year-end

CNN cuts about 100 jobs, plans to launch digital subscriptions before year-end

CNN is cutting about 100 jobs and plans to launch its first digital subscriptions before the end of the year as the news network looks to restructure its business.

In a memo sent to staff on Wednesday, CNN CEO Mark Thompson said he is cutting only 100 jobs from a total staff of about 3,500 employees. He said unfilled vacancies were eliminated in order to minimize overall layoffs.

Media outlets including CNN have struggled to increase audiences and revenue, and have sought to diversify their offerings to customers.

Thompson said CNN’s digital strategy must be “ambitious enough to achieve the audiences and revenues we need to maintain our unique journalistic power and succeed as a business.”

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