Amid record-low ratings, CNN is set to lay off hundreds of employees. Today’s show breaks it down.

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According to CNBC:

CNN announced Thursday it is cutting about 6% of its total staff, or about 210 employees, as it refocuses the business around a global digital audience.

CNN CEO Mark Thompson announced the job losses in a memo to staff Thursday, confirming CNBC’s reporting Wednesday that cuts were coming. In the memo, Thompson noted CNN doesn’t expect total headcount to fall “much” this year because the company plans to invest $70 million in new digital plans.

“I know that whatever the total number of job losses, the impact on the individuals involved can be immense,” Thompson wrote in the memo, obtained by CNBC. “The process of change is essential if we’re to thrive in the future, but I both acknowledge and regret its very real human consequences.”

Between 2021 and 2023, CNN lost $400 million.

“A free press only exists to inform the population. When they cease to do that job they cease to hold a purpose,” Crowder said.

In 2022, CNN also launched CNN+, which cost $300 million but ended in layoffs. After two weeks of launch, fewer than 10,000 people were using the service.

"There's a tectonic shift taking place in the media landscape and CNN knows it,” Crowder added.

NBC News is also planning cuts later this week, according to people familiar with the matter who spoke on the condition of anonymity to discuss nonpublic changes. While the exact number couldn’t be determined, the job losses will be well under 50, two of the people said. A spokesperson for NBC News declined to comment.

Since the election, the network has lost 47% of viewers from 754,000 to 398,000 viewers.

“The left destroys the journalist's reputation and credibility with whom they disagree,” Crowder added.