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50 Positions Cut Across CNN (TVNewser)
CNN has eliminated at least 50 positions across several divisions. Employees in New York, Washington, D.C. and Atlanta at CNN Digital, CNN Money, Newsgathering and the CNN Library were told their positions are changing. Thursday’s cuts follow the elimination of 16 positions last month from the image and sound unit in Atlanta. A CNN insider said the changes are related to the integration of television and digital newsgathering. Capital New York There is not expected to be any reduction in employee headcount. While some positions are being eliminated, the same number of new jobs will be created, albeit with different descriptions or responsibilities. CNN is encouraging affected employees to apply for the new jobs, which are expected to start posting as early as this week. TheWrap CNN president Jeff Zucker met with newsroom reporters on Thursday to tell them the bad news. The cuts mainly affect news producers and managers, some of whom will be invited to reapply for new or “updated” positions at lower salaries. The insider said Zucker’s plan is to reduce packaged news stories to three or four per day and described the reaction in the newsroom as “shell-shocked.” Variety Under Zucker, the news network has been placing more emphasis on live coverage of breaking events as well as documentaries, leaving less room for the creation of pre-taped video packages that had been more of a staple on the network. THR / The Live Feed With the Time Inc. spinoff from Time Warner set for later this year, the CNN Money website is planning on separating Fortune magazine into a standalone entity on June 1. Fortune and Money magazines are currently housed on the CNN Money site.