media industry layoffs 2017

Brit + Co Reduces Its Workforce by 15%

Brit & Co Job Cuts

Media company Brit + Co has laid off some of its staff because of its reorganization plans. There were no details publicly released by the company about how many employees were laid off. The only clue into the number of job cuts can be found on the company’s web page. Today there are 78 employees; just (more…)

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Layoffs expected at 21st Century Fox’s Movie Studio in Southern California due to Disney Deal

Disney Deal

Disney to Buy 21st Century Fox Century’s Movie and TV Studio Walt Disney Co (NYSE:DIS) is buying most of 21st Century Fox Inc (NASDAQ:FOXB) in a $52.4-billion blockbuster deal. The deal combines two of the biggest entertainment/media companies in Hollywood and could help Disney fend off growing competition from digital rivals like Netflix, Inc. (NASDAQ:NFLX). The acquisition (more…)

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ESPN Layoffs Claim 150 Jobs; Channel Shifts to Digital Media

ESPN Layoffs

Sports network ESPN, owned by Walt Disney Co (NYSE:DIS), is laying off around 150 people as it continues to shift to digital media. John Skipper, president of ESPN, made the announcement to staff on Wednesday. It has been a difficult year for the cable company; the loss of 1.4 million subscribers has cost ESPN millions in revenue. (more…)