Cabler cuts 25 staffers
Showtime Networks let 25 employees go from its programming and marketing departments in New York and Los Angeles last weekThe cuts represent less than 4% of the company’s workforce, as Showtime employs some 700 people. Some VP-level execs were among those laid off. No one ranking higher than vice president at the pay TV company was affected. A Showtime spokesman declined to confirm or deny the layoffs. “As the structure of our business changes, we have recently reevaluated our current organizational structure,” the company said in a statement. “As a result, we have reorganized our staff in a way that allows us to continue to serve our various constituencies.” Showtime, like most cable networks, is facing several new obstacles across the TV landscape. Subscriptions have begun leveling off for pay TV players in the last year, after subs had climbed steadily since the mid-’90s, due mostly to the growth in satellite households. What’s more, cable nets are now forced to pay higher license fees for both series and movie programming than before, in part because international program sales are weaker than in the past. Producers must look to networks to make up the difference in order to sustain their productions. Consolidation on the operator side also has led networks to rethink some strategies.
Want Entertainment News First? Sign up for Variety Alerts and Newsletters!