×
You will be redirected back to your article in seconds

85 at ABC News to take buyouts

Sources: Additional 20-30 to be laid off in coming weeks

About 85 ABC News employees will take buyouts at the end of this week as part of a program to trim the company payroll by 10%.

Altogether, ABC News is cutting about 125 jobs as part of a broad effort mandated by parent Walt Disney Co.

Disney announced in March that it would eliminate some 4,000 jobs companywide.

Over the past two weeks, about 85 ABC News employees were informed that they were approved to receive the buyout offers. Another 20-30 people will be laid off in the coming weeks, according to people familiar with the matter who spoke on condition of anonymity.

Between those cuts, attrition and elimination of open positions, a total of 125 jobs will be cut from ABC News’ workforce of 1,200.

ABC News spokesman Jeff Schneider declined to comment about the cuts, which come as the division suffered embarrassment with its announcement that it would suspend newsmagazine “20/20” this fall to make room for a drama series produced by Disney, “Once and Again.”

David Tabacoff, an executive producer for one of the “20/20” editions, was among those accepting the buyout offer. He will take a position at Fox News Channel working for Bill O’Reilly.

NBC also announced plans to lay off staff in January, saying it would eliminate up to 600 jobs because of the poor economic climate. NBC also shut down its Internet subsidiary and laid off most of the staff there.

CBS has not announced any job cuts. Already hit by an advertising slowdown, major TV networks have been bracing for poor pre-season sales of commercial time for their fall shows. Advance sales have just begun after the networks recently presented their new lineups to advertisers.

More TV

  • Pete Davidson Sits Out Final 'Saturday

    Pete Davidson Sits Out Final 'Saturday Night Live' Sketches of 2018

    Just hours after “Saturday Night Live” cast member Pete Davidson posted a message on social media that said he “really [didn’t] want to be on this Earth anymore,” he was absent from the final 2018 live sketches of the late-night sketch comedy show. But although Davidson did not take part in the sketches or appear [...]

  • Pete Davidson photographed by Peggy Sirota

    Pete Davidson Posts Unsettling Message, Deletes Instagram

    UPDATED: “Saturday Night Live” cast member Pete Davidson posted a disturbing message Saturday morning stating he doesn’t “want to be on this earth anymore,” then deleted his Instagram account. In the post, Davidson wrote, “I’m doing my best to stay here for you but i actually don’t know how much longer i can last. all [...]

  • Disney Channel Fires 'Andi Mack' Actor

    Disney Channel Fires 'Andi Mack' Actor Arrested for Plotting Sex With Minor

    Disney Channel has severed ties with “Andi Mack” actor Stoney Westmoreland following his arrest for allegedly trying to arrange a sexual encounter with a 13-year-old. “Stoney Westmoreland, an actor working on the series ‘Andi Mack,’ was arrested in Salt Lake City today,” a Disney Channel spokesperson said in a statement Friday. “Given the nature of [...]

  • Russian Doll

    TV News Roundup: Natasha Lyonne's 'Russian Doll' Sets Netflix Premiere Date

    On Friday’s roundup, Netflix announces the premiere date for “Russian Doll” and Benedict Cumberbatch’s “Brexit” film has a premiere date on HBO FIRST LOOKS Showtime has released a new teaser for the upcoming comedy series, “Black Monday,” which will premiere Sunday, Jan. 20 at 10 p.m. ET/PT. The series stars and is executive produced by Don [...]

  • Vanity Fair Review

    TV Review: 'Vanity Fair'

    There’s something comforting about the predictability of a period piece novel adaptation in the Masterpiece Theater tradition. Knowing the story, or even just the rhythms of the genre, there are rarely many surprises. The women will toss off witticisms and cry careful, pretty tears; the men will steel their jaws and declare their love, ideally [...]

More From Our Brands

Access exclusive content