CNBC International is cutting live television news it produces out of London by a third and closing its Paris and Tokyo bureaus as part of drive to increase investment in digital operation, reports Mark Sweney of The Guardian.
Sweney writes, “The business and financial news organisation, which has launched a staff consultation that will see about 5% of its international workforce put at risk of redundancy, is to reduce its London-based live TV news from six to four hours a day.
“The focus is understood to remain on morning live television which means that flagship show Squawkbox Europe will be unaffected by the cut in daily hours.
“Programming from CNBC studios in the US will be used to fill the two hours taken out of London slot.
“CNBC will also close its Paris bureau – French coverage will be served by new roles to be based at its regional HQ in London, and its Tokyo bureau will also shut.”
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