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Excerpt from www.channelnewsasia.com
News outlet CNN will cut about 100 jobs as part of a plan to consolidate news operations and bolster its digital business, according to an internal memo seen by Reuters on Wednesday (Jul 10).
CNN will merge its news-gathering and digital news teams, invest in video operations and launch pay-per-view news products, CNN Worldwide CEO Mark Thompson told staff in the memo.
“We are building a billion dollar+ digital business of the future,” he said in the memo.
