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 7 months ago by shoulderoforion@fedia.io to c/technology@lemmy.world
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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[–] shoulderoforion@fedia.io 31 points 7 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.

[–] Imgonnatrythis@sh.itjust.works 25 points 7 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.

[–] Telorand@reddthat.com 8 points 7 months ago

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

/s

[–] concrete_baby@sh.itjust.works 14 points 7 months ago (2 children)

CNN++?

[–] Xanthobilly@lemmy.world 2 points 7 months ago

CNN Double Plus Good.

[–] Artyom@lemm.ee 2 points 7 months ago

I prefer Rust.

[–] just_another_person@lemmy.world 12 points 7 months ago (1 children)

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

[–] Semi_Hemi_Demigod@lemmy.world 3 points 7 months ago

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

[–] garretble@lemmy.world 11 points 7 months ago (1 children)

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

[–] tal@lemmy.today 0 points 7 months ago* (last edited 7 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%.

[–] JoshuaBrusque@lemmy.world 6 points 7 months ago

Let them die.