ABC News cutting jobs, restructuring
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ABC News said Friday that it will cut 35 jobs over the next two years as part of a companywide restructuring that will move more resources into digital news.
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CNN has reported plans to shut down its CNNfn network in mid-December, cutting 60 jobs in the process. Some of the financial news network&#39;s programming will shift over to CNN.
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LONDON (CBS.MW) -- Cable &amp; Wireless, the UK and Caribbean business telecoms group, unveiled a restructuring and management reshuffle on Wednesday that will see around 600 jobs cut.
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In the extremely tight ratings race between the two leading evening news broadcasts, ABCâs âWorld News With Charles Gibsonâ last week edged past its rival, NBCâs âNightly News With Brian Williams,â for the first time in eight weeks. Nielsen estimated that the ABC newscast drew 9.8 million viewers, its highest average in nearly a year and slightly more than the 9.6 million who tuned in to NBC. ABCâs slim margin of victory was only modestly higher in the age bracket of adults 25 to 54, a demographic the two networks split evenly during the previous week. The last time ABC finished No. 1 was during the November sweeps period. Last week CBSâs âEvening News With Katie Couricâ remained a distant third (7.13 million).
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The BBC said on Tuesday it would eliminate 2,900 jobs, or more than 10 per cent of its workforce, as part of a cost-saving &quot;transformation&quot; of the world&#39;s biggest and best-known public broadcaster.
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ABC has turned off the lights for "Day Break" and "Show Me the Money." The low-rated series airing back-to-back on Wednesday have been pulled by the network.
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Wal-Mart Stores Inc  is set to shake up its sluggish apparel unit by shutting two divisions at its Arkansas headquarters, eliminating dozens of positions and moving dozens more to New York, the New York Times reported on Wednesday.
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Employees at the Tribune Company were notified that hundreds of jobs would be cut at The Chicago Tribune, The Los Angeles Times and other publications.
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update America Online is expected to cut more than 700 jobs from its work force next month, as the online giant continues to struggle with declining subscriber numbers, according to a source familiar with the plans.
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By DAVID BAUDER  NEW YORK - The executive producer of NBC's "Nightly News" with Brian Williams is being replaced three weeks after ABC overtook the show in the ratings.
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The ABC television network said on  Tuesday that it has pulled a miniseries about the Holocaust it  was developing with Mel Gibson's production company.
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ABC faced growing pressure Friday about its planned miniseries on the buildup to the Sept. 11 terrorist attacks. Former Clinton administration officials, historians and a Democratic petition with nearly 200,000 signatures urged the network to scrap the five-hour drama.
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The British Broadcasting Corp. will cut about 2,900 jobs - more than a tenth of its work force - in a drive to reduce costs, the company&#39;s director-general told staff on Tuesday.
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A top ABC Television executive called  for "a wholesale change" in how audiences are measured for TV  and other media, saying on Wednesday that current ratings  systems are no longer effective.
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_ Newsday is cutting as many as 100 jobs through voluntary and non-voluntary buyouts, the Long Island newspaper&#39;s publisher said Thursday.
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ABC News said Wednesday it  would combine the staffs of the weekday and weekend editions of  &quot;World News With Charles Gibson&quot; in order to &quot;eliminate  duplication and increase clarity.&quot;
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WASHINGTON (CBS.MW) -- The latest corporate overhaul by Nortel Networks will shear the company of all its manufacturing operations and leave it with 70 percent fewer workers than it had four years ago.