CNN To Launch New Streaming Service As It Sets Sights On Digital Future; About 200 Jobs To Be Cut In Restructuring
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CNN is cutting about 200 jobs as it focuses on a digital future, the network announced today, while its CEO Mark Thompson unveiled plans for a new subscription streaming service. In a memo to staffers, Thompson wrote, “Our objective is a simple one: to shift CNN’s gravity towards the platforms and products where the audience […]
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CNN is cutting about 200 jobs as it focuses on a digital future, the network announced today, while its CEO Mark Thompson unveiled plans for a new subscription streaming service. In a memo to staffers, Thompson wrote, “Our objective is a simple one: to shift CNN’s gravity towards the platforms and products where the audience […]
'It didn't work the first time we tried to launch a streaming service. But THIS time..."
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'It didn't work the first time we tried to launch a streaming service. But THIS time..."
They don't really have an option. TV viewership has been on decline.
kagis
How Much TV Does the Average American Watch? [May 2024 Upd]
How much TV does the average American watch? Data shows that the daily time spent watching traditional television is set to fall to 175 minutes in 2024.
Oberlo (www.oberlo.com)
Time spent watching television: digital video vs. traditional TV
From 2021 to 2025, daily time spent watching traditional television is projected to plummet by 28 minutes. In contrast, Americans are spending increasingly more time consuming digital videos. In 2021, they spent an average of three hours a day enjoying digital videos. By 2025, this is set to grow to four hours, marking an overall rise of 33.3%.
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