CNN announcing layoffs as part of further shift to digital business

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CNN announcing layoffs as part of further shift to digital business - Business Mirror

Quick Summary:

CNN announced a restructuring on Thursday that includes some 200 layoffs, an accelerated pivot to digital operations and new TV roles for personalities like Wolf Blitzer, Jake Tapper and Audie Cornish.

CNN announced on Thursday it was developing a product that would allow consumers to watch a TV-like video stream on any device, although it won’t be TV simulcast.

Executives are hoping CNN’s video component and international presence offers growth opportunities that won’t duplicate the Times.