Walt Disney Co. is preparing significant budget cuts at its Disney/ABC Television Group that will include staff reductions and restructurings, people familiar with the matter said. The bulk of the cuts are expected to take place at the ABC broadcast network, its television production studio, ABC News and local television stations. Cable networks Disney Channel and Freeform will also likely see their workforces reduced as well, the...

Source: Wall Street Journal August 30, 2017 22:52 UTC