Disney Downsizes News Division in Bid to Future-Proof Business Amid Linear TV Decline
Disney is eliminating 6% of its staffers, or nearly 200 employees, from its news and entertainment division as part of efforts to streamline operations amid declining linear television revenue. The bulk of the cuts will impact ABC News, which is also shuttering its political and data-driven news site 538. Disney's restructuring aims to restore efficiency and reduce costs as the company continues to invest in streaming endeavors.
- This downsizing highlights the challenges faced by traditional media companies as they navigate shifting viewer habits and declining advertising revenue, underscoring the need for strategic reform.
- How will the decline of linear television influence the future role of news organizations, which have traditionally relied on advertising revenue from TV broadcasts?