CNN set to cut employees this week as part of CEO Mark Thompson's digital overhaul: report [Yahoo! Finance]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Yahoo! Finance
The Warner Bros. Discovery-owned outlet is set to cut “a few dozen” staffers as it moves to modernize its 3,000-plus global workforce, according to the Status newsletter. The cuts are expected to hit roles not tied to growth areas, marking CNN's latest move away from its cable roots and toward a digital-first future, Status reported. CNN boss Mark Thompson is pushing a digital overhaul as the network prepares fresh layoffs. Getty Images for Semafor The move follows a prior round of cuts under Thompson, who eliminated about 6% of CNN's workforce last year as part of an ongoing effort to shift the network away from its legacy cable model and toward digital growth. This week's cuts are likely to pale in comparison to layoffs expected if Paramount takes ownership of CNN as part of its merger with Warner Bros. Discovery. Paramount agreed last month to acquire Warner Bros. Discovery in a deal valued at about $31 per share , or roughly $110 billion, fending off a rival bid from Ne
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News
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WBD
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- 2/26/26 - Miss
WBD
Sec Filings
- 3/18/26 - Form 4
- 3/16/26 - Form 144
- 3/16/26 - Form 4
- WBD's page on the SEC website