the network

the network

CNN Axes 150 Jobs & Several Shows In ‘Painful Week'

10h ago
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"Brian Stelter, the host of CNN's media commentary program "Reliable Sources," addressed the network's latest layoffs that left approximately 150 people without jobs and saw the cancellation of several shows. Stelter said that it had been a painful process for CNN, and framed the cuts as the result of an industry under strain. He pointed to a larger trend in the media industry to reshape programming, and pointed to CNN's efforts to keep the cost of employees down, pressure for the parent company Time Warner to boost its stock price and cable being increasingly threatened by online viewing options."* The Young Turks host Cenk Uygur breaks it down. *Read more here from Andrew Hart / The Huffington Post: http://www.huffingtonpost.com/2014/10/19/cnn-host-cnn-layoffs_n_6012132.html