Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!



Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups





















« THE MORNING RANT: Ted Cruz Hit By Thrown Missile, Media Snarks and Reminds Readers that Cruz Is Hated and Had It Coming | Main | It Begins: Democrats Demand The Federal Government Begin Punishing Elon Musk for Twitter's Noncompliance In The Government-Mandated Nationwide Censorship Regime »
November 18, 2022

Awww: Media "News" "Workers" and "Journalists" Brace for Layoffs

Learn2Coal.

The afternoon email hit some inside CNN like a ton of bricks. The cable news channel, now under Warner Bros. Discovery (its second owner in just a few years) was going to face budget cuts and layoffs. "There is widespread concern over the global economic outlook, and we must factor that risk into our long-term planning," CNN CEO Chris Licht wrote in a late-October memo.

At a network town hall on Nov. 15, Licht confirmed to moderator Alisyn Camerota that layoffs will hit the division in December. Those cuts are part of an industrywide pivot, as media giants prepare for a difficult winter, seeking to reduce costs however they can. And news divisions will not be spared.

At Disney, CEO Bob Chapek sent a memo to division leaders Nov. 11 outlining a hiring freeze, canceling all travel not deemed "essential" and a new "cost structure task force" that will pursue "organizational enhancements."

"We do anticipate some staff reductions as part of this review," Chapek warned, adding that some decisions would be "tough and uncomfortable."

Disney-owned ABC News, led by Kim Godwin, is not exempt from those orders, as she told staff in a Nov. 14 edit meeting.

"Just a few months ago, Disney's now ex-CEO [Bob] Iger stated 'linear TV and satellite is marching toward a great precipice and it will be pushed off.' With Disney management's FY 2023 guidance, it appears that that cliff may be closer than any of us thought," MoffettNathanson's Michael Nathanson wrote Nov. 9, underscoring the challenges facing the company.

...


And while thus far Disney and CNN parent WBD are the only media companies to openly discuss layoffs, there are signs that others will follow.

At CBS News parent Paramount, executives are signaling that they are pursuing a similar strategy. "I do think that there's a potential for a restructuring charge in Q4," Paramount CFO Naveen Chopra said on the company's Q3 earnings call Nov. 2, adding that the expected cost savings would be "meaningful and sizable."

And at NBCUniversal, the company has offered early retirement packages to employees with 10 years of service who are age 57 or older, including employees at the NBC News Group, led by Cesar Conde. A source adds that the company has since lowered the age of eligibility for the buyouts, suggesting a low take rate.

At Breitbart, John Nolte is very very sad for his friends at CNN.

The impending bloodbath at far-left CNN is destroying the fake news outlet's morale, a 20-year staffer said.

This revelation occurred during a recent company meeting where CNN chief Chris Licht confirmed that layoffs are coming in early December.

...

Reports say, "Licht has been tasked by his boss David Zaslav to trim $100 million from CNN's budget to appease Warner Bros' Discovery."

During the meeting, per these reports, one staffer said "they had been with the company for 20 years and had never seen morale lower than it was right now."

There have been a welter of crisis-has-never-been-lower-at-CNN stories lately. From November 1:

The latest instance involved longtime CNN journalist Jim Sciutto, who is expected to return to the air after going on personal leave following a mysterious incident in Amsterdam. CNN employees are reportedly "pissed" that Sciutto is regaining his on-air position even as the network braces for a round of layoffs.

"Morale is at an all-time low," sources told the Daily Beast late Monday. "It's worse than it has ever been."

Sciutto faced an internal investigation at CNN after he purportedly suffered a "serious fall" during a stop in Amsterdam. The incident occurred after Sciutto and an unnamed producer stopped in Amsterdam on the way home from a reporting trip to cover the war in Ukraine, though other colleagues who made the trip took direct flights home from Poland.

Mysterious incident? What's the Post trying to say?


digg this
posted by Ace at 12:18 PM

| Access Comments




Recent Comments
reason: "I do not have GAINZZZ. But rather I am proud of m ..."

It's me donna: "It's manly to eat a rare steak? Uh oh... ..."

The Central Scrutinizer: "81 @44 The Central Scrutinizer-GAINZZ BROTHER!!! ( ..."

wth: "I'm man enough to have my balls cut off. ..."

Sponge - F*ck Joe Biden: "[i] Carburetors are laden with fats and carbs? Wh ..."

BurtTC: ""Men still run the world. They still go to islands ..."

Deplorable Jay Guevara[/i][/s][/b]: "Now Smith has YOLO'd it which probably kills the c ..."

Frank Barone: " Cosplaying "Men" for this ad was hard for them. ..."

Chairman LMAO, AI Expert: "That political ad feels lile Chinese propaganda. ..."

Oldcat: "Granted it would take longer, but why didn't they ..."

Sponge - F*ck Joe Biden: "[i] I know it'll never happen, but Carolla needs t ..."

tubal: "92 I think I'll do a fast starting tomorrow. It fe ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64