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CNN to shutter more digital projects in 2018

The CNN logo on a phone
Photo: Schöning / ullstein bild via Getty Images

CNN will sunset a number of digital initiatives this year in an effort to stay nimble, Axios has learned. The company will also launch new projects as it continues to test what resonates best with its audience and drives revenue.

Why it matters: Big-money projects and restructuring are part of the network's commitment to pivoting its business model towards profitability, even if it means cutting ties with major investments.