Disney Announces Layoffs at ABC News and Disney Entertainment Networks
The Wall Street Journal first reported news of this latest round of layoffs.
'Rethinking the way we work to future-proof our team regrettably includes reductions to our extraordinary staff," Almin Karamehmedovic, ABC News' leader said in an e-mail to staffers obtained by the Journal's media reporter, Joe Flint. 'These decisions are incredibly challenging and today will undoubtedly be difficult for our organization.'
Perhaps the biggest casualty is the 538 brand founded by Nate Silver in 2008 and eventually acquired by ABC News in 2018. In the Wednesday edition of his Reliable Sources newsletter, CNN media analyst Brian Stelter notes that the site will be wound down with 15 people being let go. 528's polling and political data analysis will be absorbed by ABC News.
Silver-who was laid off by ABC News in 2023-took to social media to mourn the shutting down of 538. 'My heart goes out to the people there,' he wrote. 'They were tremendously hard-working and produced a lot of extremely valuable data and insight for everyone who wants to understand politics better. They deserved much better.'
Other ABC News impacted by the layoffs include the Good Morning America branded shows, which will be consolidated under executive producer Simone Swink. The third hour, GMA3, was previously supervised by a different unit.
Similarly, ABC News' longform units-including ABC News Studios, 20/20, Nightline, and Impact x Nightline-will now be part of one leadership structure. Digital editorial and social teams will be integrated part of newsgathering, shows, and ABC's owned and operated station units.
Meanwhile, the cuts at Disney Entertainment Networks are primarily impacting the planning and scheduling teams within the company's broadcast and cable networks. Disney's Vancouver-based animation studio will also see some positions eliminated.
Disney has recently been putting more emphasis on its streaming networks and prioritizing live sports and entertainment content, including the Oscars, which saw a boost in viewership for the 97th edition.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
Johnson & Johnson (JNJ) Adjusts Revenue and EPS Outlook; Stifel Hikes Price Target
Johnson & Johnson (NYSE:JNJ) ranks among the . On July 16, Stifel maintained its Hold rating on Johnson & Johnson (NYSE:JNJ), but increased its price target for the healthcare giant from $155 to $165. The price target increase comes after JNJ revised its outlook, which now predicts adjusted operational revenue growth of roughly 3.5% instead of the 2.5% midpoint estimate that was previously projected. Pixabay/Public Domain Johnson & Johnson (NYSE:JNJ) also raised its outlook for full-year earnings per share from $10.50 to $10.70 to a range of $10.80 to $10.90. The company cited stronger top-line performance, currency effects, and a lower anticipated impact from tariffs for this improvement. From its initial estimate of $400 million, the healthcare company now projects a $200 million tariff impact in 2025. Johnson & Johnson (NYSE:JNJ) is a notable name in the healthcare industry, which includes sub-sectors like pharmaceuticals, medical equipment, and consumer health products. The company is known for creating medications to treat a variety of conditions and diseases, including cancer, diabetes, and HIV/AIDS. While we acknowledge the potential of JNJ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Sign in to access your portfolio


Business Upturn
39 minutes ago
- Business Upturn
Nibe shares jump over 4% after signing Technical Collaboration Agreement with Israel's Elbit Systems
By Aman Shukla Published on July 28, 2025, 10:30 IST Nibe Ltd shares rose 4% in Monday's trade after the company announced a key strategic collaboration with Israel-based defence technology firm Elbit Systems Land Limited. The two companies signed a technical collaboration agreement on July 26, 2025, marking a major step forward for Nibe's defence manufacturing ambitions. As of 10:30 AM, the shares were trading 3.84% higher at Rs 1,727.00. The agreement involves the transfer of license and technology for Elbit's Precise & Universal Launch System (PULS), a high-range artillery rocket system capable of targeting threats up to 300 km away. As part of the deal, Elbit will provide Nibe with critical know-how and licensing rights to manufacture, assemble, and integrate the PULS system in India. This collaboration will enable Nibe to establish a local manufacturing setup for the rocket system, contributing to the Indian government's 'Make in India' and defence indigenisation goals. The financial terms of the agreement are expected to be finalised within 45 days. Importantly, this is a strictly international partnership between two independent companies. Nibe clarified that neither its promoter group nor affiliates have any stake or interest in Elbit Systems, ensuring full compliance with SEBI's disclosure regulations. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at


Business Upturn
42 minutes ago
- Business Upturn
Why are Lodha shares down nearly 6% today? Know More
By Aditya Bhagchandani Published on July 28, 2025, 09:37 IST Shares of Lodha Developers Ltd. slumped nearly 6% in early trade on Monday to ₹1,203, despite the company posting a robust 42% year-on-year jump in consolidated net profit to ₹675 crore for the quarter ended June 30, 2025. The Mumbai-based real estate giant had reported a profit of ₹475 crore in the same quarter last year. Consolidated revenue also saw a healthy rise to ₹3,624 crore from ₹2,918 crore in Q1 FY25. Pre-sales for the quarter reached ₹4,450 crore, up 10% YoY, slightly below potential due to the temporary impact of the India-Pakistan crisis in May, according to Executive Director S.K. Modi. Still, the company reiterated its FY26 guidance of a 20% annual growth in pre-sales. During the quarter, Lodha launched projects worth ₹8,300 crore, mostly in Mumbai, including premium projects in Juhu and Alibaug, and additional launches in Bengaluru. The company has already achieved 90% of its business development guidance of ₹25,000 crore for the fiscal year and expects more activity in the festive quarters (Q3 and Q4), with the current quarter limited to phased rollouts of existing developments. Despite the strong financials and operational performance, the stock's decline on Monday may be attributed to profit booking by investors following the recent run-up. Disclaimer: The information provided is for informational purposes only and should not be construed as financial or investment advice. Stock market investments are subject to market risks. Readers are advised to conduct their own research or consult a certified financial advisor before making any investment decisions. Neither the author nor the platform assumes any liability for financial losses or decisions made based on this content. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.