ESPN Cutting Jobs
ESPN was in the process of laying off a few hundred workers on Tuesday, a sign that the hugely profitable sports cable-TV powerhouse is responding to the rising fees it pays to air games as well as other changes in the media industry.
ESPN said some of the job cuts are coming through attrition, or unfilled open positions, and didn’t disclose the precise number or types of workers who are being let go. ESPN, which operates several cable channels in addition to its flagship, has about 7,000 employees.