Business
CNN lays off staffers from podcast team, to focus on audio biz
San Francisco, Sep 29
CNN has laid off some employees from its podcast team as the media company refocuses on strengthening its audio business.
CNN said in a statement that audio is an important growth area for the company.
"Over the last several years we've learned a lot about the topics and productions that most resonate with our audiences. As a result, we've refined our strategy to focus our resources more specifically in those areas," said the media giant.
It, however, did not comment on how many staffers were laid off or which shows will be cut, reports The Verge.
Alexander McCall, who worked as a product manager at CNN Audio, said in a tweet late on Wednesday that he and other podcasting staffers had been laid off.
"Realising I'm joining the My company invested heavily in podcasting, and then realised it's expensive and then didn't want to pay for that anymore," he tweeted.
"My biggest question: What will become of our team's work? All the data we recorded, all the things we learned," McCall added.
Most of CNN's podcasts are related to its own shows and hosts. However, the network announced a few new series earlier this year.
"It's just a bummer to watch companies pull the plug on or disinvest from business units that are so young...especially when you've seen firsthand the work of so many people to make it profitable, to reach the goal," McCall further tweeted.
In April, CNN announced to shut its paid news streaming service within one month of its launch, as it did not generate enough demand in the news consuming world.
1 hour ago
China highlights differences with US at UN
2 hours ago
International Indian Icon (3iii) celebrates a Grand Success of "Season 10" Kickoff Gala at the National India Hub, Schaumburg, Illinois, USA.
4 hours ago
Trump, Xi agree to establish AI communication channel
7 hours ago
Asian Games: India clinch record-extending ninth gold in men's Kabaddi after Iran win
7 hours ago
Karnataka Congress protests at Freedom Park, demands CEC's resignation
7 hours ago
Third video of alleged harassment of young girl surfaces in Samastipur; probe underway
8 hours ago
'This father has seen many such attempts': Vijayan dismisses CMRL-Exalogic case as political vendetta
8 hours ago
Three more minor girls approach SIT against granite baron Veeramani in abuse case
8 hours ago
UDF revamps Kerala cultural bodies, Prem Kumar appointed KSFDC chief
11 hours ago
CEC acted arbitrarily, violated poll law: Ex-Kerala CEO Teeka Ram Meena
12 hours ago
One Story. Multiple Perspectives on Love. One Elusive Truth: Pooja Meri Jaan to premiere on Zee 5 Global on October 2
12 hours ago
Asian Games: India women's Kabaddi team clinches fourth gold with win over Iran
12 hours ago
Salman Khan reprimands Rhiti Tiwari: Was the worst diss ever
