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Eric Siu breaks down CNN's recent layoffs, shift to a $3.99/month subscription model, and declining viewership. The network faces competition and changing audience habits as major news organizations struggle to adapt.
Eric Siu breaks down CNN's recent layoffs, shift to a $3.99/month subscription model, and declining viewership. The network faces competition and changing audience habits as major news organizations struggle to adapt.
The fall of CNN. Okay, so here's Mario Naufal tweeted this. CNN to lay off hundreds as it struggles to compete with new media. So they're trying to move over to $3.99 a month subscriptions and they're cutting a lot of the TV staff. NBC is also looking to cut about 50 people or so. And the other day, Speaker of the House and the CNN anchor was like, you're on the news, sir. He's like, dude, nobody watches CNN. Like, people go to Cartoon Network and watch reruns instead. I just think this is an example of a brand that has been going in the wrong direction. And I think eventually— what did he say? What's the expression? The nail in the coffin.
