Like Fox on Monday, ABC on Tuesday went before advertisers and media buyers to pitch the mighty power of broadcast TV and show off some of the new shows that will be on its fall schedule. “Television is the strongest advertising medium available today,” said Anne Sweeney, president of ABC Media Networks...
In another sign of how the struggling economy is affecting the television business, ABC on Wednesday announced that it was cutting jobs across the board. Layoffs had already quietly begun at the company, insiders said. In all, about 200 people are expected to lose their jobs and another 200 currently...
With NBC moving to consolidate its network and studio operations, industry insiders are beginning to buzz about the possibility of other potential mergers—and there’s a growing consensus that ABC might be next. Knowledgeable sources inside Disney and ABC insist that no structural changes are imminent...