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At Press Time

Dec 31, 2001  •  Post A Comment

Cablevision cuts 600 jobs, takes $55 million charge
New York-Cablevision Systems Corp., the big multiple system operator and programmer that serves 3 million households in New York, New Jersey and Connecticut, is cutting its work force by some 4 percent, eliminating approximately 600 full-time jobs.
The cuts come in “corporate, administrative and infrastructure functions across various business units of the company,” according to a Cablevision statement, and are “not expected” to affect its consumer telecommunications, customer relations and field service operations.
Cablevision will take a one-time fourth-quarter 2001 restructuring charge of approximately $55 million related to employee severance as well as to “facility realignment and other related costs.”
Court TV, Ladies’ Home Journal team to sell ads
Los Angeles-ABC and Ladies’ Home Journal have joined forces to offer content about female and family safety across both mediums and jointly sell the ad space, according to Advertising Age.
Court TV, co-owned by AOL Time Warner and Liberty Media, and Meredith Corp.’s Ladies’ Home Journal will offer the TV and magazine content, and the Walt Disney Co.’s ABC News will co-produce the TV portion hosted by an ABC News personality. The content, however, called “The Safety Challenge,” will not run on the broadcast network. The arrangement will allow two smaller media players to function in the multiplatform ad rush and expands on a program introduced last year.
At deadline, advertising costs for the program were unclear. Spokeswomen for Ladies’ Home Journal and Court TV said last week that executives were unavailable for comment.