Feb 26 (Reuters) – CNBC is restructuring its newsroom to unify its TV and digital operations in a transfer that might end in almost a dozen layoffs together with the departure of the web site’s managing editor, Jeff McCracken, 4 sources aware of the matter instructed Reuters.
The cuts are a part of an overhaul beneath Editor-in-Chief David Cho, as CNBC prepares to introduce a paywall on its web site, the sources stated, requesting anonymity as a result of the data was not public.
The layoffs will not be aimed toward chopping prices and the information group plans so as to add some 40 roles within the coming yr, in response to two of the sources.
CNBC and McCracken declined to remark.
CNBC is among the many most-watched cable networks due to its stay protection of markets and world enterprise developments.
The layoffs come weeks after Versant Media, the guardian firm of CNBC, was spun out of Comcast.
Shares of Versant have declined greater than 30% because the firm listed on the Nasdaq in January.
Apart from CNBC, Versant additionally owns cable networks comparable to USA, MS NOW, Oxygen, in addition to digital property like Fandango and Rotten Tomatoes.