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As part of the restructuring, CNBC’s website managing editor Jeff McCracken is expected to exit, the sources said.
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CNBC is set to reorganise its newsroom by bringing its television and digital news operations under a single structure, a move that will lead to the elimination of nearly a dozen positions, according to a Reuters report citing sources familiar with the matter.
As part of the restructuring, CNBC’s website managing editor Jeff McCracken is expected to exit, the sources said.
The changes are being carried out under the direction of Editor-in-Chief David Cho as the network prepares to roll out a paywall on its digital platform.
The sources spoke on condition of anonymity as the plans have not been made public.
The report noted that the job cuts are not intended as a cost-cutting measure. CNBC is reportedly planning to create around 40 new roles over the next year as part of the broader reorganisation.
CNBC and McCracken declined to comment on the development. Known for its extensive live coverage of financial markets and global business, CNBC remains one of the most-watched cable news networks.
The restructuring comes weeks after Versant Media, CNBC’s parent company, was spun off from Comcast. Since its Nasdaq listing in January, Versant’s shares have fallen by more than 30%.
In addition to CNBC, Versant’s portfolio includes cable networks such as USA, MS NOW and Oxygen, along with digital platforms including Fandango and Rotten Tomatoes.
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February 27, 2026, 21:10 IST
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