TVNewser LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllTwitter AllFacebook InsideFacebook InsideSocialGames InsideMobileApps

Cuts at TV-News Divisions Signal Leaner Approach

The Wall Street Journal

ABC Dan Harris, boat Staff cuts at two of the biggest broadcast-television news outfits in the U.S. foreshadow a shift toward cheaper TV news gathering, as broadcast-news groups face shrinking profits and increasing competition from cable and the Internet.

ABC News, a division of Walt Disney Co., said this week it would embark on a “fundamental transformation” of its operations, a move that could cut as much as a quarter of its news staff of approximately 1,500, according a person familiar with the matter.

The move comes three weeks after CBS Corp.’s news division began to shed more than 6% of its staff of roughly 1,400 and just over three years after General Electric Co.’s NBC News began rounds of stiff cuts. More…

Mediabistro Course

Mediabistro Job Fair

Mediabistro Job FairLand your next big gig! Join us on January 27 at the Altman Building in New York City for an incredible opportunity to meet with hiring managers from the top New York media companies, network with other professionals and industry leaders, and land your next job. Register now!