At the end of August, CNN restructured its executive team in what was called the biggest shake-up in CNN’s 20-year history. It saw Rick Kaplan (then president of CNN/U.S.) ousted, and prompted speculation that the newscaster was moving away from programs like Newsstand, that boasted polished production values, in order to return to a breaking news style presentation. With those predictions now confirmed, CNN is restructuring once again, this time in an effort to better-coordinate its newsgathering operations.
The reorganization will see about 400 jobs eliminated – about one-third from CNN’s internet division and one-third from programming, with the remainder from various positions across the U.S. CNN’s news units will be condensed, with each employee creating and coordinating content for all media outlets, including television, radio and online. The company reportedly plans to hire more journalists and about 150 correspondents. National and international stories will come out of a single desk at CNN’s headquarters in Atlanta, the Rio de Janeiro bureau will be reactivated and two new international bureaus, not yet announced at press time, will be staffed. With the new entities in place, CNN will have a total of 42 bureaus around the world.
Prior to the announcement, Shelby Coffey III resigned as president of CNN Business News and CNNfn (the financial news network). He will be replaced by Ken Jautz, who takes the title of executive vice president and general manager of CNNfn. Also, CNN Headline News president Bob Furnad retired from his post one day after the Time Warner/AOL merger was approved. Steve Robinson from CNN/Sports Illustrated succeeds him, and Teya Ryan was promoted from executive vice president of CNN’s domestic network and CNN News Group to executive vice president and general manager of CNN Headline News.