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Two of CNN’s top executives, whose departure will significantly affect the network, are calling it quits as Warner Brothers Discovery (WBD) prepares to split its assets into two publicly traded companies.
The CFO of WBD, Gunnar Wiedenfels, will take over the struggling granddaddy of Cable News. Jumping ship before the hammer falls is Laura Bernardini, vice president of news for CNN.
Reportedly, many staffers are concerned about their future roles once the split takes effect, fearing they might be relegated to the ‘Sh-t Co.’ wing of WBD.
The blueprint and textbook of Cable News have fallen out of favor with the public. Gunnar (also known as the Gun) Wiedenfels has already begun introducing austerity measures to WBD’s spinoff, CNN. DOGE is the newest companion of staffers. According to Status, Wiedenfels has ordered staffers to curb their lavish enthusiasm for spending.
The new requirement will take effect on July 1, 2025.
Reining in their free-wheeling spending habits means staffers will have to submit receipts with their expense reports. This practice has not been adhered to heretofore.
Vice President of CNN digital video production, Jacque Smith, is also reportedly on the way out.
Low Rating Channel
Low ratings have plagued the channel, stemming from its image as a propaganda machine for corporate shenanigans and silly banter. In 2016, then Presidential candidate Donald Trump labeled the news station as “Fake News,” and it’s become a self-fulfilling prophecy. They have done everything they can to live up to Donald Trump’s label.
And the network has done little to disabuse itself of the ‘Fake News’ branding.
CNN still has a far reach globally, perhaps more so than most other ‘news networks.’ And in many circles, it’s viewed as the video form of the Associated Press (AP) and Reuters.
There are still a few hosts with integrity left at CNN, such as Becky Anderson. Most British journalists tend to lean to the middle or give fair and balanced reports.
More Salary Cuts Are On The Way.
“Employees are also set to face salary cuts amid rumors of a possible sale of CNN.” — STATUS
Prime Time anchors such as Anderson Cooper, whose $18 million-a-year reportedly is shopping for a new agent. Top anchors, such as Erin Burnett and Jake Tapper, are working at reduced salaries to help CNN save money. Even the CEO of WBD, David Zaslav, will enjoy a salary reduction.
Starting July 1, employees will need to submit receipts with their expense reports, a standard accounting practice not previously required of them, Status reported.
“The edict comes as beleaguered staff continue to reel from last week’s news that the network will be cast off to an entirely different company with the rest of Warner Bros. Discovery’s declining cable assets.” — Daily Mail
“Think globally, but act locally.”
It is crucial to be forward-thinking but not a forward person. “Be kind to everyone you meet because each carries his heavy burden…” Plato.
Embrace the three Constants: Change, Justice, and Rightness.
The thought police are busy at work trying to suppress free speech. If allowed their march to madness, they will arrest your very thoughts.
Free ‘Speech is thy Lord.’
