Fox News contributor Steve Hilton reacts to J.D. Vance’s interview with CNN’s Jake Tapper about the real issues facing Americans on “The Big Money Show.”
CNN is reportedly preparing to lay off “hundreds” of employees in the early days of President Donald Trump’s second administration.
Book reported that CNN CEO Mark Thompson will announce the network outage to his staff on Thursday morning, while CNBC reported that the layoffs “will not impact CNN’s most recognizable names, who are under contract,” according to sources.
CNN did not immediately respond to a request for comment.
Fox News Digital She previously reported in November that CNN would face major layoffs by March and that her impact on the network would be “extremely beneficial.”
CNN is reportedly preparing to lay off “hundreds” of employees in the early days of the second Trump administration. (Ilya Novellaj/Bloomberg via Getty Images)
“I’m very sad and very frustrated in general,” one longtime CNN employee told Fox News Digital. “The sentiment throughout the organization is among those who have been here a long time and feel a deep personal connection to helping build the organization.”
The CNN employee added: “It’s a time of absolute, complete overhaul of a business model and chaos. It’s very difficult even under the best of circumstances.”
Another CNN employee cited Thompson, who has been in the position for just over a year, as being frank about how the company will have to undergo major changes to survive.
“I’m concerned because the industry is clearly in trouble… I’m sure there will be cuts,” the second CNN employee told Fox News Digital.
Fox News Digital previously reported that CNN employees were preparing to implement mass layoffs by March. (John Grimm/LightRocket via Getty Images/Getty Images)
The employee suspected that “more shows will be streamlined and produced outside of Atlanta” and that the shows most affected are the “expensive” shows produced in New York City.
CNN’s financial difficulties were highlighted last week after a jury found that the network was… Defamation of a Navy veteran He agreed that he could seek punitive damages. The legal battle resulted in a settlement.
CNN defamation trial: Losing the case is expected but still a bad blow for the network, insiders say
Forensic economist Robert W. Johnson, who was hired by Plaintiff Legal Time to assess CNN’s financial condition, testified that CNN’s value was $4.4 billion in 2021 but fell to $2.3 billion in 2023, according to tax documents filed by the network.
Johnson’s data also showed that CNN’s revenue fell from $2.2 billion in 2021 to $1.8 billion in 2023. CNN’s net income fell during the same period from $0.6 billion in 2021 to $0.4 billion in Year 2023.
Forensic economist Robert W. Johnson analyzed CNN’s decline in revenue during the defamation trial against the network last week. (Fox News Digital/Fox News)
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Fox News’ Brian Flood contributed to this report.