CNN Plans $20 Million Expansion

Mar 16, 2016  •  Post A Comment

CNN plans to hire more than 200 people as part of a $20 million investment in expanding its digital products, The Wall Street Journal reports. The move is aimed in part at countering the growth of new online media outfits.

“Andrew Morse, executive vice president of editorial of CNN U.S. and general manager of CNN Digital Worldwide, said the new investment will be focused on three key areas: Web video, mobile and global expansion,” the story reports. “CNN plans to hire more than 200 new staffers, including a mix of journalists, video producers, analytics and audience development experts and mobile product developers.”

The report notes that the changes will also mean that more than 50 CNN staffers will lose their jobs. WSJ reports: “This group will include people who have focused on CNN’s traditional desktop website, several generalist reporters and editors as well as employees from the company’s product, technology and operations, said people familiar with the matter.”

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