Posted on 03/05/2025 9:26:10 PM PST by SeekAndFind
According to The Journal, which cited people familiar with the matter, an announcement will be made to employees as early as Wednesday. The report said the ABC news magazine shows “20/20” and “Nightline” are consolidating into one unit. The Journal is also reporting the network is cutting the political and data-driven news site 538 as well a production team at “Good Morning America." There will be job cuts in program planning and scheduling at the Disney Entertainment Networks unit, which houses cable channel FX, the report said.
Disney didn’t immediately respond to a request for comment. The company's shares are roughly flat in premarket trading Wednesday. The Journal said the newsletter Status "first reported that cuts were coming to ABC News."
Disney is, like the rest of the entertainment industry, grappling with cord-cutting and the decline of cable networks’ audience while its Disney+ streaming platform has seen subscribers drop quarter-over-quarter even as that of dominant platform Netflix (NFLX) thrives and raises prices. The company posted better-than-estimated quarterly results last month although Disney+ subscribers slipped from the prior quarter.
(Excerpt) Read more at msn.com ...
Too bad ABC insulted and lied their way out of an audience. They are perverts and communists and deserve to go out of business.
So, are they going to start protesting against Trump and Musk and start shopping for the evil black-robed “pipe bombs” while making death threats against the Trump, Vance and Musk families?
Joann’s is closing all their stores. Haven’t heard if they are going to start judge shopping, protesting and attacking little kids with brain cancer. They probably won’t.
Starbucks is laying off 1100. Haven’t heard if they intend to protest and throw tantrums and have a token running jackass around swinging a cane with a golden handle at people.
6% ? It’s the other 94% that’s the problem.
Early result of the loss of USAID money.
How many employees will take Iger to court for firing them?
Where are the outraged democrats?
I always knew it from the late ‘50s The mouse is a commie
That’s for Roseanne.
The cancer of woke, DEI, LGBTQ, gay and transgenderism that has infected Disney
-PJ
Yeah. Her, too. They seem to be incapable of handling strong, independent-minded women, even if starlets no longer have to put out for the same fatso execs.
Winning, not tired yet
“while its streaming platform has seen quarter-over-quarter declines in subscribers.”
pretty much the fate of any and all broadcast/cablecast “news” shows considering going all digital subscription in misbegotten attempts to replace diminishing revenue from ad/carrier fees because of diminishing audiences ... CNN+ had already spectacularly failed with a loss of $300 million, and yet their new CEO once again yammers about a “new” strategic direction of going digital subscriptions, the net result being little more than he gets to keep his job a couple of years longer while CNN’s “new” soon-to-fail strategic direction is implemented ...
I heard that the spelling has changed to “DEIsney”.
For news on all things Disney go to YouTube channels WDW Pro, That Park Place.
Best reportage anywhere.
Will ABC interview the laid off employees😎
Has some obscure judge decided that Disney can’t lay off their employees yet?
Whatever. How about starting with the entire cast of The View.
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