LOS ANGELES (Reuters) - Walt Disney Co said it was revamping ABC News in a move aimed at reducing more than 20 percent or 300 to 400 jobs, according to a source familiar with the division's biggest cutback in years. The restructuring at ABC News is the latest to occur among major broadcast news divisions who have had to face ...

LOS ANGELES (Reuters) - Walt Disney Co said it was revamping ABC News in a move aimed at reducing more than 20 percent or 300 to 400 jobs, according to a source familiar with the division's biggest cutback in years. The restructuring at ABC News is the latest to occur among major broadcast news divisions who have had to face ...

ABC News staffers got a memorandum Tuesday that promises to leave no part of the organization untouched, and will lead to massive personnel reductions by the end of 2010. Although the memo from ABC News President David Westin specified no numbers, it was believed the goal for cutbacks ...

ABC News said Tuesday that it plans to substantially cut its staff as part of a "fundamental transformation" of the news division at the Walt Disney-owned US television network. ABC News president David Westin, in an email to ABC News employees, said all news department staffers would receive buyout offers in the next few days. "The response to this ...