The Walt Disney Company is preparing to lay off approximately 200 employees—nearly 6% of the combined workforce at its ABC News Group and Disney Entertainment Networks units.
A report first published by The Wall Street Journal made this announcement on Wednesday, signaling another wave of restructuring within the company as it navigates industry-wide shifts in consumer behavior and the declining influence of traditional cable television.
According to WSJ, several key divisions to be affected by this restructuring are: ABC’s long-running news magazine programs, 20/20 and Nightline, are set to merge into a single unit, while the company is also eliminating the team behind FiveThirtyEight, the political and data analysis website.