Layoffs and Hiring Freezes: Media Industry Ends 2022 With Bad News for Journalists

The anticipated “bad winter” for media companies and their workers has arrived early. This week a number of major outlets announced layoffs, print cuts, hiring freezes, and other measures to address declining advertising revenue and annual losses. CNN, under pressure from parent company Warner Bros. Discovery—which posted a net loss of $2.3 billion in the most recent quarter—began “the deepest cuts to the network in nearly a decade” on Wednesday and into Thursday, according to media reporter Oliver Darcy, who reported that the expected cuts will “result in some on-air contributors and hundreds of staffers losing their jobs.” CNN boss… Read Full Article