According to a report by a former CNN (WBD) staffer who quoted sources working at the cable network, CNN is planning a further round of layoffs, including some of its top anchors and producers. CNN has seen its ratings fall in recent years. The cable news network has also seen high-profile changes at the topmost levels, but channel viewership seems to be declining despite changes at the top.
Sources say that stars like Jake Tapper and Wolf Blitzer have not been given salary raises. Newsletter The Ankler reported that Tapper had signed a three-year contract with the same pay of $7 million yearly.
Senior CNN stalwart Chris Wallace has not renewed his contract. The veteran host told the Daily Beast, “This is the first time in 55 years I’ve been between jobs. I am excited and liberated by that.”
The 77-year-old news veteran might try his hand at a podcast after his $8.5 million-a-year contract with CNN was not renewed.
Puck recently reported on the imminent layoffs. According to insiders, not only on-air positions but also other positions will be affected. They said that the atmosphere at CNN’s Manhattan office was stressful.
CEO Mark Thompson, who joined the network after Chris Licht was fired, is supposedly looking at a digital-first vision, according to those who spoke to Puck reporter Dylan Byers. According to the report, Former New York Times and BBC veteran Thompson might be able to implement his transformation plan at CNN after the election.
CNN fared much worse than its competitors on election day. According to Neilsen statistics, it reportedly had 5.1 million web fans on election day, much less than its contemporary MSNBC, which saw almost 6 million web fans watch the news channel for the results. Competitor Fox News was way ahead, with 10.3 million web fans watching Trump win the presidential elections in the US.
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