CNN is undergoing significant financial restructuring under the leadership of its new CEO, Mark Thompson. The network aims to transition into a digital-first platform, mirroring the model of the BBC in the U.S. To achieve this transformation, Thompson is targeting a reduction in anchor salaries, which currently exceed $50 million, as part of a broader strategy to implement $50M in budget cuts and revamp the ailing cable network. The decision has sparked discussions about the future compensation of CNN's on-air talent, with expectations set for dramatic decreases over the next five years.
CNN to Slash Salaries. Read more: https://t.co/0ZGpqg6ZJp CNN's new top-ranking executive, Mark Thompson, plans to cut anchor salaries, which currently exc...
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CNN boss Mark Thompson is looking to fund his digital-first transformation by cutting anchor salaries — currently more than $50 million — as he seeks to remake the ailing cable network into a U.S. version of the BBC. https://t.co/BqSZRsJcFF