Double-digit job losses come six months after US studio overhauled its linear networks division
Warner Bros. Discovery is cutting more jobs across its linear network operations, which houses the likes of TNT, TBS, CNN and Food Network.
Specifics have not been revealed but the job losses are expected to be in the double-digit range but well under 100, with no one network more affected than others.
Other channel brands on the WBD roster include Discovery, TLC, Cartoon Network and Turner Classic Movies.
The job losses come six months after WBD unveiled plans to split its streaming and linear business in a major corporate restructure, creating a global linear networks division that is now being trimmed in size.
WBD said at the time that the rejig would be focused on “maximising profitability and free cash flow” to reduce the company’s wider debt and improve its financial stability.
Chief exec David Zaslav said at the time that the overhaul was aimed at “ensuring our global linear networks business is well-positioned to continue to drive free cash flow, while our streaming & studios business focuses on driving growth by telling the world’s most compelling stories.”
WBD’s Q1 results highlighted the declining profitability of its linear networks, with revenue off 7% to $4.7bn and operating income down 15% year on year.
The cuts are the latest to hit the industry this week, after Disney trimmed hundreds of staff across its global TV, film and finance divisions, with details of affected divisions still emerging.
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