CNN to lay off $76 million to settle dispute with Team Video Services

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CNN to lay off $76 million to settle dispute with Team Video Services

On Friday, the 10th of January 2020, CNN, the Atalanta, Georgia-based four-decade old WaterMedia’s news channel, owned by the United States’ No. 2 wireless carrier AT&T Inc. after Verizon Communications, said that its management board had agreed to pay out a sum of $76 million to settle a long-standing dispute over the US-based multinational news broadcaster’s termination of contract with a camera operator, Team Video Services (TVS).

In point of fact, CNN’s $76 million settlement with TVS on the case that dated back to early 2000s, began after CNN had cancelled its TVS contracts without even consulting two major unions representing the TVS employees and had hired a new set of camera crews to execute the tech works at its Washington and NY bureau.

Meanwhile, adding that the CNN settlement had been the “largest ever monetary remedy” in the history of NLRB (National Labour Relations Board), general counsel of NLRB, Peter Robb said on Friday (January 10th), “The settlement demonstrates the board’s continued commitment to enforcing the law and ensuring employees who were treated unfairly obtain the monetary relief ordered by the board”.

As a matter of fact, after a judge had found the CNN guilty of violating nation’s Labour Relation Act back in the 2014s, NLRB had ordered the Atalanta-based multinational news broadcaster to bargain with the unions and to deliver a backpay.