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Los Angeles Times
Los Angeles Times
Business
Stephen Battaglio

Media layoffs mount as CNN announces it will make cuts this week

CNN employees are in for a rough week as the news network's chief, Chris Licht, told staff to prepare for a round of layoffs.

The cuts have been anticipated as CNN parent Warner Bros. Discovery is looking for cost reductions across the company as it tries to bring down debt.

Like the rest of the traditional TV business, CNN is also looking at a future with slowed growth in pay TV subscription revenue and a softening advertising market.

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