CNN plans to lay off hundreds of employees, cut costs; NBC plots firings

CNN boss Mark Thompson reportedly plans to announce mass layoffs Thursday — just days after he warned top on-air talent including Jake Tapper and Anderson Cooper that they ought to avoid “pre-judging” President Trump.

The ratings-challenged cable news pioneer will lay off hundreds of employees as it refocuses the business around a global digital audience, CNBC reported Wednesday, citing people familiar with the matter. -- More...