News Broadcasting
CNNMoney expands globally; Richard Quest named editor-at-large
MUMBAI: CNN Worldwide has expanded its CNNMoney brand internationally, across both TV and digital, to provide consumers with business and financial news and analysis. With the addition of staff in Hong Kong, New Delhi, London, and Dubai, CNNMoney will launch new franchises, series, features and reporting tailored directly to the regions and audiences it covers.
“By uniting our portfolio of US and international business reporting under the CNNMoney brand, we now offer an even more compelling product to globally-minded consumers hungry for a smart, accessible business and financial news experience – everywhere in the world,” said CNN International general manager and senior vice president Mike McCarthy.
The venture will tap the talents like Richard Quest, Nina dos Santos and Maggie Lake whose programs will represent CNNMoney on television. Quest will now serve as editor-at-large for CNNMoney and will pen a global daily newsletter “CNNMoney Presents: Quest Means Business,” timed to the open of the Asia markets.
“CNNMoney is an important and unique business offering for the Asia-Pacific market that already resonates with a core premium audience,” said CNN International advertising sales Asia Pacific VP Sunita Rajan. “This global expansion will amplify that engagement and attract a wider audience who want business at their fingertips. The synergy between the influential CNNMoney brand and journalistic excellence creates a compelling advertising proposition and something our clients are genuinely excited about.”
Coverage from CNNMoney will span Asia, Europe, the Middle East, Africa and Latin America. It will focus on global markets and the economy, business strategy, corporate leadership, global brands, business travel, lifestyle and luxury, as well as industries such as auto, energy and technology.
Also joining the CNNMoney roster are Andrew Stevens, Asia Pacific editor based in Hong Kong; John Defterios, Emerging Markets editor based in Abu Dhabi; Eleni Giokos, Africa business correspondent based in Johannesburg; and Samuel Burke, CNNMoney business correspondent based in New York. The multi-platform editorial teams will be led by Penny Manis, director of global business news programming based in New York, and CNNMoney International managing editor Mark Thompson, who is based in London.
The global initiative will also expand CNNMoney’s data-driven storytelling and digital war rooms to international bureau, arming reporters with the most advanced tools and analytics available to drive and react to stories in the global marketplace.
News Broadcasting
BBC to cut up to 2,000 jobs in biggest overhaul in 15 years
Cost pressures and leadership change drive major workforce reduction plan
LONDON: BBC has unveiled plans to cut up to 2,000 jobs, roughly 10 per cent of its global workforce, in what marks its biggest downsizing in 15 years.
The announcement was made during an all-staff meeting led by interim director-general Rhodri Talfan Davies, as the broadcaster moves to tackle mounting financial pressures and reshape its operations.
Between 1,800 and 2,000 roles are expected to be eliminated from a workforce of around 21,500. The cuts form part of a broader plan to save £500 million over the next two years, aimed at offsetting rising costs, stagnating licence fee income and weaker commercial revenues.
In a communication to staff, BBC interim director-general Rhodri Talfan Davies said, “I know this creates real uncertainty, but we wanted to be open about the challenge,” acknowledging the impact the move would have across the organisation.
The restructuring comes at a time of leadership transition. Former director-general Tim Davie stepped down earlier this month, with Matt Brittin, a former Google executive, set to take over the role on May 18, 2026.
While some cost-cutting measures are being implemented immediately, the majority of the structural changes are expected to roll out over the next few years, with full savings targeted by the 2027–2028 financial year.
The broadcaster had earlier signalled its intent to reduce its cost base by around 10 per cent over a three-year period, warning of “difficult choices” as it adapts to shifting economic realities and audience expectations.
With operating costs hovering around £6 billion annually, the BBC’s latest move underscores the scale of the financial challenge it faces, as it balances public service commitments with the need for long-term sustainability in an increasingly competitive media landscape.
