CNN is set to unleash a flurry of cost-cutting measures while enforcing new rules to curb staffers’ lavish spending.
Starting July 1, employees will need to submit receipts with their expense reports for things like travel and source meetings, 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.
Employees are also set to face salary cuts amid rumors of a possible sale of CNN.
More than half a dozen staff members told Status that anxiety is rife at the network.
The incoming CEO of the soon-to-be spin-off, Gunnar Wiedenfels, is fueling the unease.
Staff who already survived the cuts imposed by Warner Bros’ Discovery CEO David Zaslav predicted even more bitter times ahead.
Anchors raking in millions of dollars per year have targets on their backs, thanks to competitors matching and even surpassing their ratings at a fraction of the cost, Status reported.
Correspondents who collect hundreds of thousands of dollars annually – but who go days and even weeks without appearing on air – are also set to see their salaries trimmed.
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Author: Marty Kaufmann
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