CNN Employees Brace After They Just Got Some More Bad News

CNN’s new CEO, Chris Licht said, “noticeable change. … that, by definition, is unsettling. These changes will not be easy because they will affect people, budgets, and projects.”

Licht didn’t pull punches, the network is bleeding money, and cuts will have to be made.

From Townhall:

Licht, who has been in charge of the far-left network for just six months, gave a grim warning on the economy, insinuating that CNN could no longer afford to continue on the path it’s on.

Licht said that there is “widespread concern over the global economic outlook” and that “we must factor that risk into our long-term planning.”

Last week, CNN only averaged 512,000 primetime total viewers, compared to Fox News having over two million viewers.

This comes just hours after CNBC’s Alex Sherman published an in-depth look into the future of CNN.

“Lich faces many challenges at CNN, the business is shrinking,” Sherman said, adding “Licht has been given a mandate from Warner Bros. to transform CNN, which the network boss is internally referring to as a “right-sizing” of the business. Many of Licht’s job cuts are still to come this year, according to people familiar with the matter.”