CNBC Lays Off Small Number of Editorial Employees [Yahoo! Finance]
News Corporation - Class B (NWS)
US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
Among those who will depart because of the reorganization is Jeffrey McCracken, managing editor of CNBC's digital-news venues, according to a person familiar with the matter. More from Variety Jill Zarin Fired From E!'s 'RHONY' Reunion Show 'The Golden Life' After Racist Bad Bunny Tirade (EXCLUSIVE) 'Real Housewives of New York' Alums Including Luann de Lesseps, Jill Zarin and Ramona Singer to Star in New E! Reality Series Set in Florida After Comcast Completes Versant Spin-Off, Shares of Cable Networks Company Slide “The changes made today are to align CNBC's newsroom structure for the future, they are not driven by cost cutting. We expect to hire more than 40 new editorial roles over the next year across TV, Digital and direct-to-consumer platforms.,” CNBC said in a statement. Reuters previously reported on the layoffs. Cho, formerly the top editorial executive at News Corp.'s Barron's, joined the business-news outlet August 11 as its editor in chief, replacing both D
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