chairman . And ceo mark thompson defended the cutting of another estimated jobs in a staff memo. . The changes we’re announcing today are part of an ongoing response by this great news . Organization to profound shifts in the way audiences in america and around the world consume . News, he said.
faces ongoing challenges, such as the cayman islands whatsapp fan erosion . Of pay tv subscription revenue as more consumers abandon traditional cable tv in favor of . Streaming video services. And according to several reports, data presented during a recent defamation lawsuit . Revealed that cnn’s revenue decreased by between and yet according to cnbc, cnn’s goal .
Is to reach billion in revenue by to get there, the reported million . Commitment by warner bros. Discovery to support cnn’s digital transformation and expansion will fund the . Development of subscription-driven streaming news products tailored to consumers’ evolving viewing habits. Thompson said in . The memo that there are plans to to develop a new way for digital subscribers .
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