All of that is true but the NY Times is bit more blunt about the reasons these layoffs are necessary.
“It is incredibly hard to say goodbye to any one member of the CNN team, much less many,” Mr. Licht wrote in the memo, which was seen by The New York Times. “I recently described this process as a gut punch, because I know that is how it feels for all of us.”
The cuts come as CNN lags behind its chief competitors, Fox News and MSNBC, in total viewership this year, according to Nielsen data. It has notched some wins over MSNBC with viewers in the coveted advertiser demographic of 25- to 54-year-olds, but the sagging ratings overall have affected CNN’s profitability this year.
What I haven’t seen anywhere is any indication which contributors are part of this round of layoffs. Maybe that’s the news that will come tomorrow?
I’m not generally a fan of CNN’s approach and think they’ve been involved in some egregious myth-making over the past several years. That said, a month before Christmas is a tough time for anyone to lose a job. That doesn’t mean I won’t dance a little jig if Jim Acosta finally gets kicked to the curb but so far that doesn’t seem to be the case.
Related: Coal miners become computer coders.
—CNN.com, April 22, 2016.