CNN Digital is Facing a $20 Million Budget Shortfall

CNN has been pouring money into its digital operation — making new hires and renewing its focus on web video and mobile devices.

Now, CNN Digital is facing a budget pinch, according to six people familiar with the matter. The shortfall, which according to three of the people amounts to about $20 million, has been enough to spark some end-of-the-year belt-tightening.

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