Next Up for Media Layoffs: ABC?
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.