Fox Starts Buyouts at Ad Sales Unit - Multichannel

Fox Starts Buyouts at Ad Sales Unit

Cutbacks Follow Consolidation of Broadcast, Cable Sales
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Fox has begun a round of voluntary buyouts for domestic ad sales staffers and further layoffs may be ahead.

Plans to consolidate Fox’s broadcast network and cable network ad sales units were announced last month and the restructuring will result in some job duplications and redundancies.

The buyouts were offered to employees 55 and older with 15 years of service at Fox. About 40 people are affected, sources said. It was unclear how many people would ultimately lose their jobs as a result of the realignment.

Read more at B&Chere.

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