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Turner Broadcasting offers employee buyouts, plans more staff cuts
Turner Broadcasting offers employee buyouts, plans more staff cuts

Grappling with ratings doldrums and increased competition, Turner Broadcasting plans to cut several hundred workers as part of an overhaul of its operations. On Tuesday, the Atlanta cable TV programmer notified employees that it was offering buyouts to older workers who have been with the company at least 10 years. The unit, which employs more than 13,000 people worldwide, is planning further staff cuts to focus resources on areas of growth. Turner Broadcasting comprises such channels as CNN, TBS, TNT and Cartoon Network. The Turner networks long have been sturdy revenue engines, but in recent years have been eclipsed by competitors — including Fox News Channel and...

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