Rocked by Low Election Day Ratings, CNN to Lay-Off Hundred…
Nov 13, 2024 5:05:51 GMT -6
via mobile
fusillijerry likes this
Post by Cool Papa Con on Nov 13, 2024 5:05:51 GMT -6
Don’t feel too bad. They’ll be exiting CNN and entering unemployment at a time where the economy is booming… so says CNN. They should have no problem finding new jobs.
CNN boss Mark Thompson to lay off hundreds after Election Day ratings wipeout: report
CNN boss Mark Thompson to lay off hundreds after Election Day ratings wipeout: report
Ratings-challenged CNN is reportedly set for a major bloodbath — with boss Mark Thompson expected to lay off high-priced on-air talent as part of wide-ranging layoffs.
The cable network — which lagged behind rivals MSNBC and Fox News during last week’s Election Night coverage — will implement “layoffs that will impact hundreds of employees across the organization,” according to Puck News.
Thompson, who took over last year after the ouster of Chris Licht, will cull personnel from CNN’s television production teams whose “talents won’t necessarily be needed in the new digital-first landscape,” the outlet added.
…
Thompson, the former CEO of the New York Times and the BBC, may also demand deep cuts to the massive salaries raked in by its struggling primetime stable of anchors, which include Anderson Cooper, Erin Burnett and Kaitlan Collins.
Cooper, who anchored the Election night coverage, rakes in an annual salary reported to be as high as $20 million. Burnett makes about $6 million and Collins takes home a more budget-friendly $3 million.
…
CNN had just 5.1 million viewers in prime time last Tuesday night, according to Nielsen data. Fox News, which shares common ownership with The Post, reeled in 10.3 million viewers from 8 to 11 p.m. Eastern time on Tuesday, according to Nielsen data.
MSNBC’s coverage, anchored by Rachel Maddow, averaged 6 million viewers to best CNN for the first time in its history
The cable network — which lagged behind rivals MSNBC and Fox News during last week’s Election Night coverage — will implement “layoffs that will impact hundreds of employees across the organization,” according to Puck News.
Thompson, who took over last year after the ouster of Chris Licht, will cull personnel from CNN’s television production teams whose “talents won’t necessarily be needed in the new digital-first landscape,” the outlet added.
…
Thompson, the former CEO of the New York Times and the BBC, may also demand deep cuts to the massive salaries raked in by its struggling primetime stable of anchors, which include Anderson Cooper, Erin Burnett and Kaitlan Collins.
Cooper, who anchored the Election night coverage, rakes in an annual salary reported to be as high as $20 million. Burnett makes about $6 million and Collins takes home a more budget-friendly $3 million.
…
CNN had just 5.1 million viewers in prime time last Tuesday night, according to Nielsen data. Fox News, which shares common ownership with The Post, reeled in 10.3 million viewers from 8 to 11 p.m. Eastern time on Tuesday, according to Nielsen data.
MSNBC’s coverage, anchored by Rachel Maddow, averaged 6 million viewers to best CNN for the first time in its history
