While a new report out from the Wall Street Journal focuses on CNN executive vice president Andrew Morse saying that they are pumping an additional $20 million into a digital expansion at the network, the report also adds that as a result, CNN will cut 50 traditional jobs.
The new investment will be focused on three key areas: Web video, mobile and global expansion. CNN plans to hire more than 200 new staffers, including a mix of journalists, video producers, analytics and audience development experts and mobile product developers.
As a result of the changes, the report continues, more than 50 CNN staffers are set to lose their jobs. This group will include people who have focused on CNN’s traditional desktop website, several generalist reporters and editors as well as employees from the company’s product, technology and operations, said people familiar with the matter.