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Disney to Cut Nearly 6% of Staff Across ABC News, Disney Entertainment Networks

The Wall Street Journal · last updated

About 200 employees are being let go at Disney’s ABC News Group and Disney Entertainment Networks unit, people familiar with the matter said. The layoffs are being announced to employees as early as Wednesday and represent just under 6% of the combined staff at the two units, according to one of the people with knowledge of the cuts. 

Related Knowledge Center: State of the business model

State of Play

The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.

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