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MADRID (Euronews) – US media Cable News Network (CNN) will cut around 100 employees, equivalent to 3% of its 3,500-strong workforce, as part of plans to merge its digital newsgathering team with its pay-TV peers.
In a statement to employees, CNN CEO Mark Thompson explained that the digital subscription service will be launched by the end of 2024, along with two new free but ad-supported online channels, CNN Originals and CNN in Spanish.
According to the release note, CNN’s plans include a “strategic push” into artificial intelligence (AI) aimed at providing better service and better news coverage. The network also aims to create more “useful journalism” through sponsored lifestyle coverage.
“We are building a pioneering digital company valued at more than $1 billion (€923.9 million),” Thompson said. “We will develop new digital products with a focus on experiences worth paying for.”
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