CNN’s Brian Stelter denies rumors that layoffs are imminent.
More Fake News from CNN? Stay tuned.
Oh wait, better turn to Fox News 🙂
Via PJ Media.
CNN is planning to cut up to 300 jobs, “many being older employees with years at the network,” according to a report on Monday.
According to FTVLive, a website that monitors the television industry, “Word is that just under 200 people will be pink slipped and just over 100 will be offered a buyout.” Staffers are reportedly calling the cuts a “massive brain drain” because so many veteran employees are being given pink slips….
Aidan McLaughlin, an editor for Mediaite, tweeted that, according to a CNN source, the cable network is not making layoffs, but “more than 100 staffers took part in a voluntary buyout program”….
CNN host Brian Stelter also knocked down rumors that layoffs were in the works….
CNN Drops 26% In Prime Time As Fox News Dominates April Cable Ratings
So no re-distribution of wealth from the upper 1% at CNN in order for the middle class employees to keep their jobs at CNN? Hmmm…what of all that talk about compassion, empathy, socialism? Of course I speak rhetorically.
Excellent point!
AT&T, which owns CNN, had its annual stockholders meeting on April 26. Its Chairman said after purchase of Time-Warner, it would now start implementing its strategy.