It’s part of an effort to shore up its finances before the sports media giant faces greater scrutiny from investors.
Walt Disney Co.’s ESPN is laying off about 20 on-air employees, part of an effort to shore up its finances before the sports media giant faces greater scrutiny from investors.
The cuts are part of an effort to burnish ESPN’s finances. In the coming months, Disney plans to begin break out the network’s quarterly results for the first time, putting the business under Wall Street’s microscope. In the coming months, the network will also look to save more money by renegotiating or not renewing certain contracts with on-air personalities.
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