Here’s a transcript of part of Zucker’s call:
“I want to address the note from John Martin that was sent yesterday and I know it’s on everyone’s minds. What I will add is that clearly we are in the next phase in the process that John laid out earlier.
“We now have a sense of what Turner is expecting from CNN. I am working with the senior management team at CNN to figure out what this means for us. This will result in changes and what we do and what we stop doing.
“We need to continue to protect what we’ve been doing so brilliantly for the last few months. We need to have the ability to do what we’ve been doing.
“On the other hand, we are faced with reality, we are going to have to do what we do with less. As a result, that means there will be changes. No final decisions have been made. I will be meeting with senior management of CNN. You will hear from your manager in the next week or so.
“We are just now moving into the next phase, I know this is on a lot of people’s mind. We are going to do less and have to do it with less.
“As difficult as this message is to share, I thought it was important to be transparent.”