July 10 (Reuters) - News outlet CNN will cut about 100

jobs as part of a plan to consolidate news operations and

bolster its digital business, according to an internal memo seen

by Reuters on Wednesday.

CNN will merge its news-gathering and digital news teams,

invest in video operations and launch pay-per-view news

products, CNN Worldwide CEO Mark Thompson told staff in the

memo.

"We are building a billion dollar+ digital business of the

future," he said in the memo.

Thompson, a former New York Times and BBC executive

who took over as CNN's CEO in October last year, is trying to

streamline the network's operations and grow sales to counter

falling TV viewership.

CNN will launch a standalone subscription product for

CNN.com by the end of this year, the first in a series of

planned subscription offerings, including one that will focus on

lifestyle and feature content.

The outlet will create TV Future Lab, a unit to produce

content for the Max streaming platform and package CNN's TV

content for its digital channels. CNN, which is owned by Warner

Bros Discovery ( WBD ), started streaming content on Max last

year.

Thompson also detailed several changes to CNN's editorial

workflows, including a centralized planning and pitching process

and a new "story manager" role to run all aspects of a story

from beginning to publication or airing.

The memo said Thompson will discuss the plan with the staff

in a town hall meeting on Wednesday.

(Reporting by Yuvraj Malik in Bengaluru; Editing by Anil

D'Silva)