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DESPITE HUGE PROFITS, ESPN CUTTING STAFF

May 22, 2013 by · Leave a Comment 

When Disney reported strong second-quarter profits earlier this month, it singled out cable sports network ESPN as a major contributor to the results with revenue rising 9 percent to $3.4 billion. But on Tuesday ESPN issued a surprise announement that it was laying off nearly 400 employees “to enhance our continued growth while smartly managing […]