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Another round of cutbacks pending at ABC
In another sign of the grim TV advertising outlook, Daily Variety reports that
ABC plans eliminating $15-20 million from its News Division budget, part of it
coming from cutting loose an unspecified number of correspondents when their
contracts are up. They're even planning to eliminate a camera from
three-camera shoots. I'm sure CNN will cherry-pick non-renewed ABC talent for
their beefed-up investigative unit.
Take care,
Chris