Brian Steinberg Senior TV EditorFox News Media expects to cut less than 3% of its overall staff as the unit, the financial engine of parent Fox Corporation, works to make its operations more efficient after a period of expansion.“As Fox News Media has evolved into a streamlined multi-platform organization, we are realigning several functions and restructuring various divisions in order to position all of our businesses for ongoing success,” the company said in a statement Wednesday.
Fewer than 100 people are said to be affected, and the move will include positions of all ranks, except for on-air anchors, reporters and contributors.Many media companies have had to grapple with tougher economics put in place by the coronavirus pandemic, but.
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