Group 1 - CNN is expected to announce significant job cuts this week as part of CEO Mark Thompson's restructuring plans to focus on digital initiatives [1][2] - The job reductions could number in the hundreds, following a previous layoff round last year that impacted about 100 employees, or 2.9% of its 3,500 workforce [2] - CNN has been exploring new revenue streams, including the launch of a paywall on CNN.com, while facing challenges with declining ratings on its linear network [3] Group 2 - Job reductions in the media industry have become common due to a decrease in advertising revenue and audience migration to other platforms [4] - The media landscape is undergoing significant changes, with companies like MSNBC being spun off from parent Comcast, indicating a broader trend in the industry [4]

CNN, a unit of Warner Bros Discovery, plans to lay off hundreds of employees on Thursday, as it refocuses the business around a global digital audience, CNBC reported Wednesday, citing people familiar with the matter.The job cuts come as CNN looks to rearrange its linear TV lineup and building out digital subscription products, CNBC said, adding that it will help CNN lower production costs and consolidate teams.Some shows produced in New York or Washington may move to Atlanta, where production can be done m ...

The stage is set for the first 2024 presidential debate between U.S. President Joe Biden and former U.S. President Donald Trump, in Atlanta on June 26, 2024.Warner Bros. Discovery's CNN plans to lay off hundreds of employees Thursday as it refocuses the business around a global digital audience, according to people familiar with the matter.The layoffs come as CNN is rearranging its linear TV lineup and building out digital subscription products. The cuts will help CNN lower production costs and consolidate ...

NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or the "Company") (NASDAQ: WBD) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Warner Bros. Discovery investors who were adversely affected by alleged securities fraud between February 23, 2024 and August 7, 2024. Follow the link below to get more information and be contacted by a member of our team: https://z ...

Investors who lost money on Warner Bros. Discovery, Inc.(WBD) should contact Levi & Korsinsky about pending Class Action - WBD ...

Levi & Korsinsky Reminds Warner Bros. Discovery, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 24, 2025 - WBD ...

Core Viewpoint - Warner Bros. Discovery, Inc. (WBD) is facing a class action lawsuit, which has been notified to its shareholders, indicating potential legal challenges ahead for the company [1] Group 1 - The class action lawsuit is a significant event that may impact shareholder confidence and the company's stock performance [1] - Shareholders are being informed of an upcoming deadline related to the lawsuit, which could affect their rights and actions [1] - The notification of the lawsuit suggests that there may be underlying issues within the company that could lead to further scrutiny [1]

Class Action Filed Against Warner Bros. Discovery, Inc. (WBD) - January 24, 2025 Deadline to Join - Contact Levi & Korsinsky ...

Core Viewpoint - Warner Bros. Discovery, Inc. is facing a lawsuit for alleged violations of securities laws, which may impact investor confidence and the company's market position [1] Group 1: Legal Issues - The lawsuit claims that Warner Bros. Discovery, Inc. engaged in misleading practices that affected the stock price and investor decisions [1] - Investors are encouraged to contact Levi & Korsinsky for more information regarding the lawsuit and potential implications [1] Group 2: Investor Implications - The legal challenges could lead to increased scrutiny from regulators and may affect the company's financial performance and stock valuation [1] - The outcome of the lawsuit may set a precedent for how similar cases are handled in the media and entertainment industry [1]

Contact Levi & Korsinsky by January 24, 2025 Deadline to Join Class Action Against Warner Bros. Discovery, Inc. (WBD) ...