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Tuesday, August 26, 2014

550 Buyouts, Layoffs Imminent at Turner; HLN, CNN Among Cuts (Exclusive)

http://www.thewrap.com/buyouts-layoffs-550-turner-cnn-hln/

Some 550 buyouts are to be offered at Time Warner's Turner network this week, including a large number of those at CNN and HLN, which will lead to layoffs if they are not taken voluntarily, according to an individual with knowledge of the network's plans.
The buyouts will come across the Turner division, with a couple of hundred expected at CNN and HLN, the individual said.
A CNN spokeswoman had no immediate comment.

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