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CNN lays off 6% workforce, seeks future stability

CNN lays off 6% of workforce, about 200 jobs, as part of strategy to secure future amid audience shifts.

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CNN lays off 6% of workforce, about 200 jobs, as part of strategy to secure future amid audience shifts.

CNN has announced the elimination of approximately 200 jobs, constituting about 6% of its workforce, in a move aimed at securing the network’s future.

CEO Mark Thompson described the layoffs as a necessary step in response to “irreversible shifts” in news consumption. He stated that the objective is to realign CNN with the platforms and products that audiences increasingly prefer.

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Thompson stressed the importance of high-quality news sources and noted that the changes are essential for maintaining trustworthiness in journalism. While on-air talent will remain unaffected, the network is investing $70 million from its parent company, Warner Bros. Discovery, into new digital plans, leading to future job opportunities.

The network intends to develop a new streaming service, allowing for greater audience access to CNN’s content.

Thompson acknowledged the difficult nature of the layoffs and expressed regret regarding the personal impact on employees.

As CNN continues to adapt to the evolving media landscape, it aims to enhance its digital presence while investing in quality journalism. The recent job cuts are seen as a pivotal moment in this transformation process, despite the acknowledgment of their unwelcome nature.

The network’s ratings challenges have been significant, culminating in its lowest audience in history for 2024. Despite these cuts, CNN is determined to support impacted staff members and maintain its commitment to journalism excellence in the changing environment.

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Google leads Australia media tax rankings

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

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Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.


Google is currently on the of top of Australian media tax payments, while Netflix, Dentsu, and Singtel pay nothing, sparking a fresh debate over fairness and corporate responsibility in the industry.

#TaxTransparency #Google #Netflix #CorporateResponsibility #AustraliaBusiness


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Trump eyes Middle East visit as Gaza ceasefire talks advance

Trump may visit Middle East this weekend as Kushner seeks Gaza ceasefire amid positive Egypt talks and Turkey’s confirmation.

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Trump may visit Middle East this weekend as Kushner seeks Gaza ceasefire amid positive Egypt talks and Turkey’s confirmation.


President Trump may visit the Middle East this weekend as Jared Kushner and envoy Steve Witkoff push for a Gaza ceasefire.

Recent Egypt talks and cooperation from Israel and Hamas raise hopes for a deal, with Turkey confirming progress.

#GazaCeasefire #TrumpMiddleEast #Kushner #PeaceTalks #IsraelHamas


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US government takes 10% equity in Trilogy Metals

U.S. takes direct 10% stake in Trilogy Metals to enhance supply chain security for AI, clean energy, and defense.

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U.S. takes direct 10% stake in Trilogy Metals to enhance supply chain security for AI, clean energy, and defense.


The U.S. government’s 10% stake in Trilogy Metals marks a shift from subsidies to direct ownership in strategic industries.

Experts say this approach aims to secure supply chains for AI, clean energy, and defense, reducing reliance on foreign sources for critical minerals and tech components.

#TrilogyMetals #USIndustry #CriticalMinerals #SupplyChainSecurity #AI #CleanEnergy #DefenseTech #IndustrialPolicy


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