Wait: ABC News had 400 employees…?


“The process of cutting up to 25% of the jobs at ABC News is all but complete,” reports MediaBistro.
I’m not shocked that one of the Big Three networks is shedding staff.
What’s amazing is that “400 employees” only represents “25% of the jobs” at the division.
Four years ago, media watchers were talking about ratings (and revenue) [...]