Friday, December 2, 2022

Cold, Dark Winter For News Media


CNN is laying off hundreds of employees in a cost-cutting effort that illuminates the financial challenges facing a wide array of media companies as the economy teeters toward a possible recession.

The cuts began on Wednesday and finished on Thursday, with affected employees notified in person or via Zoom, reports The Washington Post.

“It is incredibly hard to say goodbye to any one member of the CNN team,” CNN chief executive Chris Licht wrote in a Wednesday staff memo obtained by The Washington Post, describing the cuts as a “gut punch.”

Chris Cillizza, who joined CNN as a politics reporter and editor-at-large in 2017, confirmed to The Post that he has been laid off. Susan Glasser, a CNN global affairs analyst, also said that she was “one of many” part-time commentators affected by the cuts. Rachel Metz, a senior technology writer, said she was “devastated” to have been laid off on Thursday.

Political analyst Chris Cillizza, 46, who has been covering national politics, the White House and Congress for the cable giant and who came over to the network from The Washington Post in 2017 was among those who were let go this week, Variety reported. Business correspondent Alison Kosik, 51, who covers the New York Stock Exchange and has been at the network since 2007 was terminated. Alexandra Field, 31, who covers major breaking news events for CNN and CNN International, and has reported from more than 20 countries was dismissed. Martin Savidge, 64, an anchor and correspondent for CNN based in the network's world headquarters in Atlanta, who returned to the network in 2011 was let go. Mary Ann Fox, Vice President of Northeast News, who also oversaw the editorial direction and day-to-day operations of the New York Bureau, and had been at CNN since 2014, was also sacked this week. The cable new giant also scrapped all of HLN's live programming.

Other television networks are planning cost-cutting measures over the winter. 

NBCUniversal, the parent company of NBC News and MSNBC, will lay off employees in January, according to a Business Insider report, though a news division spokesperson declined to comment Thursday. ABC News parent company Disney is similarly planning cuts under the leadership of Bob Iger, who recently returned as the company’s chief executive.

The country’s largest newspaper chain, Gannett, is undertaking a round of job cuts that is expected to affect roughly 200 journalists — at papers large and small — over the next two days. The company also laid off about 400 employees in August and froze hiring for hundreds more positions. “While incredibly difficult, implementing these efficiencies and responding decisively to the ongoing macroeconomic volatility will continue to propel Gannett’s future,” Gannett spokesperson Lark-Marie Antón said in an email.

Among those laid off was USA Today sports investigative reporter Rachel Axon, who has reported on sexual abuse in competitive sports. “I’m grateful for all those who trusted me with their stories,” she wrote on Twitter. “I’ve never forgotten the privilege of that — whether it was showing their triumphs or holding those who harmed them to account.”

One journalist for a Gannett-owned publication told The Post of being laid off over Zoom, leaving behind a newsroom of less than a dozen reporters. “They read from a script and thanked me for my service, which I find laughable,” the person said, spoke on the condition of anonymity to talk candidly.

NPR is also facing a financial shortfall that will require $10 million in budget cuts over the next 10 months, chief executive John Lansing told employees on Wednesday. Also on Wednesday, Washington Post executive editor Sally Buzbee informed employees of plans to close the company’s weekly print magazine, citing The Post’s plans for “global and digital transformation.”

No comments:

Post a Comment