Merry Christmas and Glad New 12 months, peasants. CNN CEO Chris Licht is doing what his new main shareholders need him to do, transition CNN into an inexpensive money-making machine and switch the ship starward. His letter to the workers, with on-air expertise, focused first:
To my CNN colleagues,
Our individuals are the center and soul of this group. It’s extremely exhausting to say goodbye to anybody member of the CNN workforce, a lot much less many. I lately described this course of as a intestine punch, as a result of I do know that’s the way it feels for all of us.
Right this moment we are going to notify a restricted variety of people, largely a few of our paid contributors, as a part of a recalibrated reporting technique. Tomorrow, we are going to notify impacted staff, and tomorrow afternoon I’ll observe up with extra particulars on these modifications.
Will probably be a troublesome time for everybody. In case your job has been impacted, you’ll study extra via an in-person assembly or by way of Zoom, relying in your location. In these conferences, you’ll obtain data particular to you about discover interval or any severance that may apply, and your anticipated final day. I need to be clear that everybody who’s bonus eligible will nonetheless obtain their 2022 bonuses, that are decided by firm efficiency.
I do know these modifications have an effect on each our departing colleagues and people who stay, and we now have sources designed to help you. I’ll embody a hyperlink to these sources in my follow-up e-mail tomorrow.
Let’s deal with one another this week.
It’s exceedingly exhausting to learn a letter written emphasizing value financial savings and price range points from the highest-paid particular person within the firm until she or he says, “And I’m decreasing my wage one-third…” At Boeing, the highest brass took bonuses throughout a “troublesome cycle” with layoffs. (CEO made $21 million within the yr they laid off 30,000 staff, that is regular American enterprise now).
But it surely’s not simply the price range cuts. Maybe the price range wanted cuts, and maybe some lay-offs had been crucial. However when it begins with on-air expertise, the folks which might be most wanted to herald cash (audiences type relationships), then it looks like there may be extra happening than simply price range issues.
This text from The Hill must be thought-about. From Sept. ninth, 2022
Main modifications at CNN in current weeks have sparked chatter in media and political circles that the community’s new company possession is pulling it to the political proper.
CNN strongly denies such a change is happening, saying it’s solely centered on goal journalism…
…Brianna Keilar, an anchor on CNN’s flagship morning program, lambasted Biden’s White Home final week over a choice to make use of U.S. Marines and a dark-red backdrop within the background of a speech slamming Trump Republicans.
“On-Air expertise focused first.” Is it “simply” a price range factor or are these folks being changed with extra “amenable” folks for a brand new mission?
@JasonMiciak believes a day with out studying is a day not lived. He’s a political author, options author, writer, and legal professional. He’s a Canadian-born twin citizen who spent his teen and school years within the Pacific Northwest and has since lived in seven states. He now enjoys life as a single dad of a younger woman, writing from the seashores of the Gulf Coast. He loves crafting his flower pots, cooking, and at the moment research philosophy of science, faith, and non-math rules behind quantum mechanics and cosmology. Please be at liberty to contact with any considerations.