CNN is cutting about 200 jobs as it focuses on a digital future, the network announced today, while its CEO Mark Thompson unveiled plans for a new subscription streaming service. In a memo to staffers, Thompson wrote, “Our objective is a simple one: to shift CNN’s gravity towards the platforms and products where the audience […]
Wait a second, didn’t CNN launch a streaming service to great fanfare, then kill it deader than Dillinger before it launched, laying off hundreds when it did. Now they’re laying off hundreds to launch it again? I’m not sure CNN is on the level, folks.