CBS News is the newest casualty amid the COVID-19 pandemic after asserting job cuts for 75 employees members Wednesday.
Susan Zirinsky, CBS News president, admitted that it was a “painful day” in a memo seen by Web page Six.
We’re informed the cuts additionally have an effect on flagship present “60 Minutes” — and that Zirinsky personally phoned as lots of the affected as she might, time allowing.
She wrote: “None might have foreseen the financial fallout from the pandemic approaching prime of the fee financial savings initiatives already underway from the merger of CBS and Viacom. Consequently, now we have scrutinized our whole enterprise mannequin, our budgets, and what we realized in news-gathering over the past months. We aren’t alone; media firms and companies everywhere in the nation are re-organizing and growing new working fashions.
“Working with lowered budgets, now we have needed to make some extraordinarily tough choices. I’m unhappy to report right this moment that a few of our colleagues and good mates will probably be leaving the corporate.
“These choices are notably painful for our whole group, which has carried out on the highest degree through the COVID-19 pandemic, overcoming so many obstacles. However this restructuring is critical to make sure CBS News stays sturdy lengthy into the longer term.”
Zirinsky mentioned each she and Kimberly Godwin, govt vp of CBS News, could be attending common present conferences all through the day to reply employees questions.
“CBS News shouldn’t be alone in this course of — comparable modifications are occurring throughout many CBS divisions right this moment and have taken place in Viacom divisions over the previous few months. We checked out each possibility and exhausted different obtainable cost-savings earlier than taking this step. There’s nothing extra upsetting than having to face these financial realities and I’ve tried very arduous to attenuate the impression on all of you,” the memo continued, concluding: “Whereas it’s a painful day, I do know the power and the facility of this group, and I do know that we will go ahead in a significant method.”
The information comes as we’re informed that almost all prime brass on all the main networks have taken pay cuts throughout this time of disaster — however on-air expertise should not believed to have had their pay affected.
CBS declined to remark.