CNN cuts 400 jobs in reorganization

Article Abstract:

Cable News Network (CNN) launched a sweeping restructuring on Jan 17, 2001 that will reduce 400 positions, which is almost 10% of its work force. The move will change newspaper gathering procedures and revamp heads at struggling channels CNNfn, namely Headline News and CNN/Sports Illustrated. Around a third of job reductions, from 4,350 employees, will come from the leading cable news channel's Internet division. The change puts pressure on CNN's networks to generate profits from their Web businesses.

Cable TV Networks, Cable News Network

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Verdict is in: Court TV not guilty of letting viewers down

Article Abstract:

Court TV has made an impressive turnaround from 1998 when cable operators had threatened to drop the cable network in 1 million homes. CEO Henry Schleiff has engineered a turnaround that saw the network's average prime- time audience soar 386% to 214,0000 from 44,000. The network is also poised to announce deals that would take it to 40 million homes from 32 million. The increase in viewership is largely because of huge investments in new programming.

Strategy & planning, Cable TV Networks NEC, Courtroom Television Network L.L.C.

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Allen plans $3B cable stock offering

Article Abstract:

Charter Communications Inc, owned by Microsoft co-founder Paul Allen, is planning to launch a $2 billion-$3 billion initial public offering of its stock. The company will use the cash to buy additional franchises and to significantly boost its capacity to offer new services. Charter is projecting to a cash flow of $840 million in 1998, and is planning to sustain its growth by increasing the number of subscribers, and basic rates by 6% annually.

Cable Television Systems, Cable television broadcasting industry, Cable television, Charter Communications Inc.

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