Overview
- Managing editor Jeffrey McCracken is among the departures tied to the reorganization, according to multiple reports.
- CNBC said the changes are not cost-driven and that it expects to add more than 40 editorial roles over the next year across TV, digital and direct-to-consumer.
- Editor in chief David Cho is leading an effort to integrate TV and digital operations after joining the outlet in August.
- Reuters first reported the cuts and has reported that CNBC plans to launch a paywall, a move the company has not formally announced.
- The restructuring follows recent product shifts, including a streaming launch and new editorial verticals, and comes as parent company Versant readies its first earnings report next week.