In both a memo to staff and a story about the network on CNBC.com, CNN boss Chris Licht marked six months this week with the struggling liberal network by announcing he’s been tasked with cost cuts and layoffs as, according to CNBC, CNN’s profit “is set to drop blow $1 billion this year” and Warner Bros. Discovery is aiming to layoff 1,000 people from its 40,000-workforce.
In objectively welcome news, CNBC also revealed Licht will continue to move CNN back toward reality and away from what Licht called “the quick sugar high of ratings and outrage.”
