CNN is in trouble and you just know president Trump is smiling. The liberal network has been a thorn in the side of Trump and America with their scandalous attempts to profit off duping liberals into hating Trump.
Truthfully, Trump sells so you can almost see why they did it – that doesn’t excuse their behavior but we do live in a capitalist society and they are free to make money however they see fit.
The news industry used to have a higher calling – to report the truth come what may, but in the age of Trump that has been forgotten.
So it comes as no surprise that CNN ahead of their merger with AT&T is announcing massive layoffs admitting their strategy was a dud.
Proving bashing Trump is bad for business.
From Vanity Fair:
“But despite the so-called Trump Bump, CNN appears to be re-thinking at least some elements of its digital strategy. I’ve learned that CNN, a key property in AT&T’s planned takeover of CNN’s parent company, Time Warner, is targeting big savings on the digital side, with as many as 50 jobs around the globe scheduled to be eliminated this week, according to people familiar with the matter, who noted the exact number could still be in flux.”
“We’ve been transparent about our strategy,” said Matt Dornic of CNN. “In order to innovate, grow and experiment, we’ve added more than 200 jobs in the past 18 months. Not every new project has paid off so we will stop some activities in order to reallocate those resources and enable future experimentation. Organizations that do not make big bets and continuously evolve are the ones that fail.”
In short, they made a bet to bash Trump for easy money and it backfired. In a massive way.