CNN trims staff, begins digital strategy shift
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Shares of Warner Bros. Discovery (WBD) are in focus after CNN announced it will cut 6% of its workforce, affecting approximately 200 employees. The cable news network is redirecting its focus toward streaming and digital audiences in response to declining traditional ratings.
Yahoo Finance Senior Reporter Alexandra Canal explores the details, highlighting the company's $70 million restructuring strategy aimed at modernizing the newsroom.
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This post was written by Angel Smith
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