ABC News facing major budget cuts

SOURCE nypost.com
ABC News is facing major budget cuts, including demands for 'Good Morning America' to reduce costs by $19 million by the end of Disney's fiscal year. Layoffs are expected to affect behind-the-scenes staff, not the top talent. The network is also looking to save money by not filling open positions and promoting from within.

Key Points

  • Demand for 'Good Morning America' to reduce costs by $19 million by the end of Disney's fiscal year.
  • Expected layoffs affecting behind-the-scenes staff members.
  • Efforts to save money by not filling open positions and promoting from within.

Pros

  • Efforts to streamline operations and reduce costs may lead to long-term financial stability for the network.

Cons

  • Layoffs may have a negative impact on morale and the overall quality of programming.
  • Potential loss of experienced staff members could affect the network's ability to produce high-quality content.