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Thursday, January 22, 2009

Disney to consolidate ABC units / Top execs asked to retire

CNBC is reporting that Disney has decided that the two halves of ABC should become one again. ABC Entertainment and the ABC Studios will merge and create the ABC Entertainment Group. No jobs will be affected by the move.

Also yesterday, Disney offered a buyout option to about 600 executives at the domestic theme parks (Disneyland/DCA and Walt Disney World) in order to cut costs. So far, there's no word how this will affect the parks. Let's hope the Disney magic stays as, well, magical as it always has been despite these cuts and staff reductions.

Hang in there folks, things will get better one day. Remember what Walt said, "Keep Moving Forward."

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