ABC News to Lay Off 50 Staff Members, Executives

Reuters: Walt Disney Co’s ABC News laid off several senior executives on Thursday, as it restructures its newsroom, two sources confirmed. The reductions are part of Disney’s previously announced plan to cut 7,000 positions across the company as it seeks to control costs and become a more streamlined operation. About 50 jobs will be eliminated over time, including open positions. The layoffs began this week, affecting other facets of Disney’s operations, including its Marvel Entertainment division, television production and those working on next-generation storytelling initiatives (Reuters).