Digital wunderkind Casey Neistat, once hailed as CNN’s bridge to the future, slammed his former employer this week, calling the network an “old-school media company” devoid of entrepreneurial or innovative thinking. “Jeff says to me, ‘You know, we have a huge news operation here; it's a global enterprise… But my son says that you're the only person who matters in media,’” Neistat told the magazine at the time. Neistat told the Verge he feels that CNN should have focused on “bootstrapping,” to go beyond its comfort zone. Industry insiders have been abuzz that CNN’s digital operation could face more layoffs this year -- with cuts coming from New York-based, staff-heavy units that aren’t drawing sufficient traffic or revenue. Further dialing down of flashy, expensive initiatives and a focus on core competencies is expected, CNN insiders told Fox News.

Source: Fox News March 24, 2018 14:48 UTC