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More than 100 employees of WarnerMedia’s CNN have opted for buyouts, a spokesperson for the network confirmed, as its parent company works to shed approximately $170 million in debt following its purchase of the former Time Warner Inc.
CNN Worldwide recently offered a voluntary buyout option to staff, the spokesperson said, and “just over 100” chose to exercise an option to use it. No staffers were laid of, this person said.. Buyouts have been offered at other parts of WarnerMedia, which also includes HBO.
CNN is in the midst of other transitions. The news network this week began broadcasting some of its program from new WarnerMedia headquarters at the Hudson Yards complex, which is located in Manhattan’s West Side. The company had previously been housed at Time Warner Center in midtown.
The spokesperson did not elaborate on which areas of CNN’s staff were affected.
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More than 100 employees of WarnerMedia’s CNN have opted for buyouts, a spokesperson for the network confirmed, as its parent company works to shed approximately $170 million in debt following its purchase of the former Time Warner Inc. CNN Worldwide recently offered a voluntary buyout option to staff, the spokesperson said, and “just over 100” […]
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