CNN Drops Over A HUNDRED Staffers Amid Ratings Collapse
Timcast News
Timcast Media
4.6 • 7.4K Ratings
🗓️ 7 May 2019
⏱️ 14 minutes
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Summary
CNN Drops Over A HUNDRED Staffers Amid Ratings Collapse. CNN has dropped over 100 staffers amid a 'restructuring' and a move to a new studio. We are also learning that VICE will end several of its brands and push them under the VICE.com umbrella.
Lastly, Gizmodo network will see around 25 layoffs.
CNN's ratings have been in decline for a while with a loss of over 26% since last year to a new 4 year low. Following this news it is unsurprising we see CNN dropping so many staff members.
As these companies start fading away they become more like far left activists and less like journalists. Their stories become focused on rivals in the digital space in order to generate ratings and new subscribers. But the leftist social justice push isn't working and these companies are on the way out. Far left media is taking a big hit as times change and they lose audience and this is just another story in the collapse of media.
Fox News on the other hand, while still losing viewers, is doing well with over 3M viewers in its primetime slots.
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Transcript
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| 0:00.0 | CNN has just dropped more than 100 employees through a voluntary buyout program. |
| 0:05.3 | The initial rumor was that CNN was going to lay off a large portion of its staff as it moves |
| 0:10.4 | to a new studio in Hudson Yards. As it turns out, it was a voluntary buyout program. |
| 0:15.1 | Now it's not too dissimilar from layoffs. They just gave their staff the choice to leave |
| 0:19.2 | in exchange for money instead of choosing who hadn't to leave. Now this news makes sense. |
| 0:24.2 | We heard just about a week ago that CNN's ratings are down 26 percent, so it follows |
| 0:29.1 | that they're going to downsize the company. The bad news isn't only for CNN though. |
| 0:34.0 | We recently heard that Vice Media was going to collapse several of its brands back under the |
| 0:38.5 | umbrella, essentially shuddering various websites. We're also hearing that Gizmodo will be laying |
| 0:44.0 | off around 25 of its staff members as well. There are a lot of reasons why media is collapsing. |
| 0:49.5 | Business mistakes, bad politics, but also the monopolization of the digital ad space by Facebook and |
| 0:56.2 | Google. Today, let's take a look at what's going on with CNN and why they're downsizing, |
| 1:00.0 | why these other companies are downsizing, and we'll take a look at some of the reasons why this |
| 1:04.2 | is happening. But before we get started, make sure you follow me on mines at minest.com slash |
| 1:09.2 | Tim Kest. I don't want to have all my eggs in one basket, which is YouTube because YouTube can |
| 1:14.2 | be biased and so can Twitter and these other platforms, so it's important to have a backup channel. |
| 1:18.4 | As these media companies start dying out, they become desperate, they smear people, |
| 1:22.3 | and they also want to end their competition, which makes it particularly dangerous to have |
| 1:26.7 | all of your content on one platform. Now, if you want to support this video, just share it on |
| 1:31.2 | social media to help spread the news. From deadline, more than 100 CNN workers take voluntary |
| 1:36.6 | buyouts amid move to Hudson Yards. The story says CNN is the latest division of AT&T's |
| 1:41.6 | Warner Media to feel the effects of company-wide restructuring, with voluntary buyouts being taken |
... |
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