SONY CHIEF SAYS ITS TV FUTURE IS CRYSTAL CLEAR

Sony’s new chief, Kazuo Hirai, has expressed confidence that the company’s TV business can be turned around and made profitable again. Speaking to reporters in Tokyo today (Thursday), Hirai said that the company will streamline its TV operations — eliminating some 10,000 jobs — and focus on developing the crystal clear OLED and Crystal LED […]

BBC TO LAY OFF NEARLY 2,000 EMPLOYEES

Forced by government mandate to make drastic cuts, the publicly supported BBC announced today (Thursday) that it will lay off nearly 2,000 employees, produce fewer entertainment TV shows, restrict its expendure on sports rights and apply numerous cutbacks to its radio operations. The cuts are expected to result in a savings of nearly $1 billion […]

CBS NEWS BEEFING UP FOREIGN COVERAGE

After reportedly laying off “dozens” of staff members last year and some 120 members of its 1,600-person staff in August of this year, CBS News is beefing up its international news coverage, the Washington Post reported today (Tuesday). The newspaper quoted CBS News chairman Jeff Fager as saying that as part of the news division’s […]

DISNEY TO LAY OFF 250; OTHER STUDIOS MAY FOLLOW

Noting sweeping changes in the way movies are being distributed these days — on small, inexpensive discs rather than bulky, expensive film reels — and a downturn in sales of DVDs, published reports said on Monday that Disney plans to lay off about 250 persons, mostly in its distribution and home video units. Several reports […]

ABC NEWS STAFF SUFFERING THROUGH CUTBACKS

Former ABC News correspondent Brian Rooney, who was recently fired after 22 years with the network, has told Daily Variety that the mood at the news division is “dark” as the network retrenches with wholesale layoffs. “Friends are disappearing and few people know whether they will have a job or what their job might be […]