CNN's CEO Mark Thompson Reveals Layoffs and New Subscription Plans in Move Away from Cable TV
Wednesday, 10 July 2024, 17:40
CNN's Transformative Strategy
CNN, under the leadership of CEO Mark Thompson, is taking bold steps to diversify revenue streams.
Layoffs and Subscription Model
Thompson revealed plans for layoffs accompanied by the launch of new subscription services.
- Transition from Cable TV
- Efforts to reduce dependency on traditional cable TV offerings.
- Strategic Direction:
- New services aim to secure growth and adapt to changing media landscape.
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