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	<title>MediaMemo &#187; fire</title>
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		  <title>All Things Digital</title>
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		<title>Next Up for Media Layoffs: ABC?</title>
		<link>http://mediamemo.allthingsd.com/20081205/next-up-for-media-layoffs-abc/</link>
		<comments>http://mediamemo.allthingsd.com/20081205/next-up-for-media-layoffs-abc/#comments</comments>
		<pubDate>Fri, 05 Dec 2008 13:11:37 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[MediaMemo]]></category>
		<category><![CDATA[Peter Kafka]]></category>
		<category><![CDATA[ABC]]></category>
		<category><![CDATA[Anthony DiClemente]]></category>
		<category><![CDATA[Barclays Capital]]></category>
		<category><![CDATA[cuts]]></category>
		<category><![CDATA[Disney]]></category>
		<category><![CDATA[fire]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[layoffs]]></category>
		<category><![CDATA[media company]]></category>
		<category><![CDATA[NBC]]></category>
		<category><![CDATA[Viacom]]></category>
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		<guid isPermaLink="false">http://mediamemo.allthingsd.com/?p=1716</guid>
		<description><![CDATA[Yesterday, two of the world's biggest media companies fired 1,350 people. Which just means there are many more to go. Barclays Capital analyst Anthony DiClemente predicts that Disney will follow in the footsteps of Viacom and NBC and will focus the brunt of its cost-cutting/firing at its ABC network.]]></description>
			<content:encoded><![CDATA[<p><a href="http://mediamemo.allthingsd.com/files/2008/12/abc_logo_gloass.jpg"><img class="alignright size-full wp-image-1719" title="abc_logo_gloass" src="http://mediamemo.allthingsd.com/files/2008/12/abc_logo_gloass.jpg" alt="" width="240" height="240" /></a>Yesterday, two of the world&#8217;s biggest media companies fired 1,350 people. Which just means there are many more to go.</p>
<p>So says Barclays Capital analyst Anthony DiClemente, who probably isn&#8217;t going out on a limb here. Yesterday&#8217;s cuts from <a href="http://mediamemo.allthingsd.com/20081204/viacom-lays-off-850-takes-450-million-charge/">Viacom</a> (VIA) and GE&#8217;s (GE) NBC&#8211;850 and 500 jobs, respectively&#8211;are actually &#8220;small in aggregate,&#8221; he argues. So who&#8217;s next?</p>
<p>Pretty much anyone that hasn&#8217;t made significant cuts will have to do so soon, DiClemente says. He singles out Disney (DIS), and specifically &#8220;its underperforming divisions, including the ABC Network&#8221; as a logical candidate. But DiClemente doesn&#8217;t get any more specific about the number of people he thinks Disney will or should fire, other than noting it has a lot of workers (see Barclays chart below; click to enlarge). I&#8217;ve asked him for additional color and have asked Disney for comment, as well; not holding my breath, though.</p>
<p><a href="http://mediamemo.allthingsd.com/files/2008/12/whos-next.png"><img class="alignnone size-full wp-image-1717" title="whos-next" src="http://mediamemo.allthingsd.com/files/2008/12/whos-next.png" alt="" width="350" height="72" /></a></p>
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