this post was submitted on 23 Jan 2025
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39
CNN To Launch New Streaming Service As It Sets Sights On Digital Future; About 200 Jobs To Be Cut In Restructuring (deadline.com)
submitted 3 months ago by [email protected] to c/[email protected]
11 comments fedilink hide all child comments
 

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] 31 points 3 months ago

Wait a second, didn't CNN launch a streaming service to great fanfare, then kill it deader than Dillinger before it launched, laying off hundreds when it did. Now they're laying off hundreds to launch it again? I'm not sure CNN is on the level, folks.

[–] [email protected] 25 points 3 months ago (1 children)

Nice. Was looking for something new to subscribe to! Idiots blathering on for 24h about things I could read about and be more informed within 10minutes is a perfect thing for me to throw money I don't really have at.

[–] [email protected] 8 points 3 months ago

And all it cost to make was 200 people's livelihoods! A real bargain!

/s

[–] [email protected] 14 points 3 months ago (2 children)

CNN++?

[–] [email protected] 2 points 3 months ago

CNN Double Plus Good.

[–] [email protected] 2 points 3 months ago

I prefer Rust.

[–] [email protected] 12 points 3 months ago (1 children)

Who would subscribe to this? If it's just CNN all the time, that sounds like a damn nightmare.

[–] [email protected] 3 points 3 months ago

How else am I gonna torture the people chained up in my basement when I have to work?

[–] [email protected] 11 points 3 months ago (1 children)

'It didn't work the first time we tried to launch a streaming service. But THIS time..."

[–] [email protected] 0 points 3 months ago* (last edited 3 months 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%.

[–] [email protected] 6 points 3 months ago

Let them die.