Business, Social

CNN preparing to make cuts at London-based news operation

CNN building

CNN is preparing to make substantial cuts to its London-based television news operation in a move that is likely to result in dozens of employees losing their jobs.

The announcement was made by CNN boss, Jeff Zucker, at a surprise “town hall” meeting on Tuesday in the company’s office in central London. Staff, including some managers whose shows were affected, were given no advance warning of the announcement, according to some of those present. Zucker told them that the international channel was losing $10m (£8m) a year, according to those present.

Source: theguardian.com

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