CBS News is preparing for its third major round of layoffs since 2008, reports Forbes.com’s The Biz Blog
According to the article, "My understanding is that the cuts are coming this month. I’ve heard this from the highest level," says one producer.
The CBS division most recently cut 75 employees in February, and the report of another round of cuts comes as CBS News and CNN consider merging news operations, the story says. The cuts could come later this month, although it’s unclear if the jobs would be lost on the news side or business side, the report adds.
As the article also noted, "A deal certainly seems to be on the mind of Time Warner chief Jeffrey Bewkes. During a May earnings call he told analysts he foresees a potential ‘structural partnership’ with a cable news provider which could tap ‘real economies of scale on newsgathering.’ He offered no further details, but said a pact with another news outlet was possible within a year.
A CBS representative declined to comment, the article said.