CNN CEO Warns Of “Unsettling” Changes Coming To Network That Will Impact Employees, Budgets

deadline.com:

CNN Chairman and CEO Chris Licht on Wednesday warned staffers that there would be “noticeable change” to the network that will affect employees, budgets and projects.

In a memo, Licht wrote, “There is widespread concern over the global economic outlook, and we must factor that risk into our long-term planning.

All this together will mean noticeable change to this organization. That, by definition, is unsettling. These changes will not be easy because they will affect people, budgets, and projects. “We will be strategic in this process and will minimize the impact on our core newsgathering operation and digital, both of which have already executed smart changes,” he wrote. “Let me be clear: I will not allow these changes to affect our position as the world’s leading news source, and we will continue to invest in growth areas.

When we conclude this process, CNN will still be the largest, most-respected newsgathering organization in the world. We will continue to cover any story, anywhere, any time–withmore resources than anyone else.