Peliman
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- Dec 23, 2008
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CNNers are desperate to keep their jobs with at least 2000 job cuts coming:
http://radiotvtalk.blog.ajc.com/2014/08/24/turner-networks-including-cnn-facing-job-cuts/
Wondering if some of them will do anything to stay.
I wondered about this too. Read a finance article about Turner broadcast cut backs and buyout plans. I've also heard this story has helped CNN's ratings. Yes I can't help but wonder if there's a correlation.
Seeking to reduce costs at channels like TNT, TBS, Adult Swim and CNN, Turner Broadcasting today announced a voluntary buyout program for about 6% of its U.S.-based employees.
The buyout offers are taking place as part of a far-reaching effort to increase profitability across Turner's portfolio of cable channels. The effort is expected to eventually involve layoffs and other cost-cutting measures, as well.
http://finance.yahoo.com/news/turner-broadcasting-offers-voluntary-buyouts-130900844.html