CBS Corp. has initiated a round of buyouts and layoffs. The staff reductions, which sources say number fewer than 50, are focused primarily in the broadcast-network and syndication units. The cuts have taken place over the last month.
Discovery Communications is planning staff cuts to the tune of $40 million-$60 million through the end of September. The company disclosed in an Securities and Exchange Commission filing Wednesday that it began notifying employees of a voluntary buyout initiative.
