A memo sent to employees yesterday heralded a reduction in employment of as much as 25% for the ABC News staff of 1400. This isn’t the first reduction at ABC News, but that won’t be comfort to those who are being let go.
Ad revenues are down across the board and network television news just isn’t dominating the airwaves like it used to. Then there is the shift in how the public gets its news these days. Blogs, like The Disney Blog, or social media sites, like Twitter, are the new news delivery vehicles. It’s a revolution that ABC will just have to adjust to.
Robert Garcia, who used to work for ABC News, sees this as Disney trying to fit in with the new reality for news. But he’s not exactly happy with how they’re going about doing it.
ABC News announces layoffs of 25%. Part of the news revolution or reaction to the economy? http://bit.ly/a0TfiC Do you still watch?