ABC News Shutting Down FiveThirtyEight

SOURCE www.mediaite.com
ABC News is shutting down FiveThirtyEight as part of sweeping layoffs to cut 6 percent of its workforce. The decision marks a significant shift for the network's future election coverage.

Key Points

  • ABC News shutting down FiveThirtyEight as part of broader restructuring and cost-cutting measures
  • Nate Silver, founder of FiveThirtyEight, reacts to the news expressing sympathy for the affected employees
  • The decision to shutter FiveThirtyEight reflects a trend of cutting back on niche journalism in the media industry

Pros

  • Adjusting business strategies to align with changing audience preferences
  • Streamlining production teams to improve efficiency

Cons

  • Layoffs impacting employees at ABC News and Disney Entertainment Networks
  • Loss of a data-driven political analysis site with valuable insights