CNBC Restructures Newsroom, Cuts Nearly a Dozen Jobs Amid Digital Integration

CNBC is restructuring its newsroom to unify its television and digital news operations, resulting in nearly a dozen job cuts, including the departure of website managing editor Jeff McCracken. This overhaul, led by Editor-in-Chief David Cho, accompanies plans to introduce a paywall on CNBC's website. Sources indicate the layoffs are not primarily cost-cutting, as the network aims to add about 40 new roles in the coming year. The changes follow Versant Media's recent spin-off from Comcast, with Versant's shares declining since its Nasdaq listing.