ABC begins layoffs; rumors that company will be sold

ABC begins layoffs; rumors that company will be sold
Water breaks through the dam in 'Force 10 from Navarone.' (Image: Screen grab of YouTube clip)

[Ed – Structure collapsing.]

Disney/ABC TV has begun making long-feared layoffs as part of a broader restructuring of its broadcast business, with rumors swirling that bigger moves—including a possible sale of ABC—are coming.

Deadline first reported the staff reductions on Thursday, saying they could impact up to 200 employees across Disney and ABC properties. An ABC source with knowledge of the situation said that the cuts will hit upward of 40 of its employees on the East Coast and still more out west. …

Disney’s broadcast division, which includes ABC and its local TV stations, is suffering from slumping ad rates and new competition from streaming services. The network’s top producer, Shonda Rhimes, creator of Grey’s AnatomyScandal, and How To Get Away With Murderdecamped from ABC for Netflix in August.

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