CNN cutting jobs, launching first digital subscription product ...Middle East

CNN plans to cut scores of jobs as it goes through a major restructuring of its news-gathering operation and launches a digital subscription product later this year. "CNN is one of the world’s most successful multi-platform global news brands, but we can’t thrive as a company unless we find new sources of revenue to offset the structural pressures on legacy income streams," CEO Mark Thompson wrote in a memo obtained by The Hill on Wednesday. Thompson told staff that CNN has plans to "streamline" its story pitching, lean more heavily into video and monetize its digital users in a more effective way. He said as part of the major revamp, the outlet would lay off more than 100 journ

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