Peter Kafka

Recent Posts by Peter Kafka

Next Up for Media Layoffs: ABC?

Yesterday, two of the world’s biggest media companies fired 1,350 people. Which just means there are many more to go.

So says Barclays Capital analyst Anthony DiClemente, who probably isn’t going out on a limb here. Yesterday’s cuts from Viacom (VIA) and GE’s (GE) NBC–850 and 500 jobs, respectively–are actually “small in aggregate,” he argues. So who’s next?

Pretty much anyone that hasn’t made significant cuts will have to do so soon, DiClemente says. He singles out Disney (DIS), and specifically “its underperforming divisions, including the ABC Network” as a logical candidate. But DiClemente doesn’t get any more specific about the number of people he thinks Disney will or should fire, other than noting it has a lot of workers (see Barclays chart below; click to enlarge). I’ve asked him for additional color and have asked Disney for comment, as well; not holding my breath, though.

Latest Video

View all videos »

Search »

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik