The Business Times

CNN

Telcos, Media & Tech

Trump demands CNN get new owners in Warner bidding war

US PRESIDENT Donald Trump said on Wednesday that he wants to ensure CNN gets new ownership as part of the Warner Bros Discovery sale, targeting the news outlet he has long feuded with.

Long overtaken by conservative favourite Fox News, CNN has also been overtaken by MSNBC, which has positioned itself as a vanguard of opposition and criticism to Trump and his Republicans.
Companies & Markets

CNN eyes 200 job cuts, streaming overhaul

US NEWS network CNN will shed six per cent of staff, some 200 people, the outlet said on Thursday as it embarks on a major shakeup of staffing and programming amid a deluge of political news.

CNN 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 told staff in the memo.
Telcos, Media & Tech

CNN to cut 100 jobs in major overhaul to focus on digital, memo shows

“We are building a billion dollar+ digital business of the future,” says CEO Mark Thompson

“The decision follows significant financial losses sustained over the past years, despite rigorous efforts to adapt and innovate in a rapidly evolving and challenging media landscape,” says CNN Philippines-owner Nine Media Corporation.
International

CNN Philippines to close due to financial losses

CNN Philippines will stop operations from Wednesday (Jan 31) due to “significant financial losses”, its owner announced on Monday, in the latest blow for the media industry in the South-east Asian nat...

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