TVB reduces staff

World Brief

Free-to-air station Television Broadcasts (TVB) is laying off 48 employees, the most in its 34 years.

Company blames the poor economy and lack of advertising for the cuts, although TVB is way ahead of rival Asia Television (ATV) in attracting advertising. The trims from the news, arts and production departments represent less than 2% of its 3,300-strong workforce.

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