CNN’s Brian Stelter took a moment at the end of Sunday’s “Reliable Sources” to address the network’s recent round of layoffs–150 jobs cut, and several of the network’s programs canceled.”This week was a very painful week here,” Stelter said. “There were about 150 layoffs, spread across CNN and our sister channel HLN and CNN.com.”
Stelter noted that CNN’s hardly alone among media companies cutting jobs in one part of the business, while investing–and hiring–in other areas, notably digital:
It is unfortunately happening all over the place. Conde Nast, the publisher of Vogue and Wired, is laying off 70 to 80 people this fall. My former employer the New York Times is cutting 100 from the newsroom.
And yet they, like CNN, have been hiring people, too, lots of people, mainly for online jobs. That’s for new apps, for new web sites, for new ventures.
Now, there is some overall shrinking going on. But the better word for what’s happening in media today is “reshaping.” Through layoffs, through cuts, through new investments, “reshaping” for the digital future that really feels more like the digital present. It’s already here.
Watch it in full, after the jump.