CBS News shuts down radio unit amid division-wide cuts
In a stunning move, CBS News is shutting down its radio division, getting out of the medium where its storied history began nearly 100 years ago.
CBS News Radio will stop offering its service to its 700 affiliate stations on May 22.
“While this was a necessary decision, it was not an easy one,” the company said in a memo obtained by The Times. “A shift in radio station programming strategies, coupled with challenging economic realities, has made it impossible to continue the service.”
CBS sold its own radio stations in 2017, but continued to offer hourly network newscasts to affiliate stations, including “World News Roundup,” which has been on the air since 1938. Legendary CBS News journalist Edward R. Murrow delivered his first report on the program.
The news of the shutdown comes as dozens of CBS News employees are learning Friday if they have a future at the struggling news division.
A morning email from CBS News President Tom Cibrowski and editor-in-chief Bari Weiss that was obtained by The Times said staff affected by a new round of job reductions will be notified by the end of the day. About 6% of the 1,000 CBS News employees will be affected.
The cuts had been hinted at earlier this year by Weiss, when she said her business goal for the division is to expand its reach on digital platforms. Weiss and Cibrowski raised the same issue in their note informing employees of the cuts.
“It’s no secret that the news business is changing radically, and that we need to change along with it,” they wrote. “New audiences are burgeoning in new places and we are pressing forward with ambitious plans to grow and invest so that we can be there for them.”
CBS News has been dealing with a decline in revenue for its TV programs, as viewers have gravitated toward streaming platforms and social media.
The network’s daily programs “CBS Evening News with Tony Dokoupil” and “CBS Mornings,” both run well behind their competition in the ratings. It does have two strong weekend franchises in “60 Minutes” and “CBS Sunday Morning.”
CBS News is expected to be under the same corporate ownership as CNN once parent company Paramount closes its $111 billion deal to acquire Warner Bros. Discovery. The two divisions are likely to share news gathering costs, which could lead to the closure of bureaus and a reduction of personnel.
CBS News lost about 100 employees in October as part of a massive round of cuts enacted at Paramount after the company was acquired by Skydance Media.
Weiss had joined CBS News earlier that month and was not directly involved in the staff reductions. She is said to be more personally involved in the cuts occurring Friday.