CNN to cut 100 jobs in major overhaul to focus on digital, memo shows
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CNN plans to cut about 100 jobs as part of a consolidation and digital focus strategy. The news outlet will merge its news-gathering and digital news teams, invest in video operations, and launch pay-per-view news products. CNN Worldwide CEO Mark Thompson aims to build a billion-dollar digital business. The company will launch a stand-alone subscription product for news and plans to create TV Future Lab to produce content for the Max streaming platform. Thompson also outlined changes to editorial workflows, including centralized planning and a new 'story manager' role. The plan will be discussed in a town hall meeting.



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