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Fox To Cut Costs, Not Workers

  • Variety, Wednesday, January 14, 2009 9:30 AM
Unlike its competitors, the Fox network doesn't plan to make any major employee cuts in the near future, looking for other ways to cut costs instead.

Fox has no massive layoff plans in the works, says Fox Entertainment president Kevin Reilly. "We're a lean company in success, and that prepares us for hard times." The net made several tough cuts during last year's work stoppage. "Our bottom line was trimmed during the writers strike, and we didn't let the line back out," he says.

NBC and CBS cut several execs last month; ABC is rumored to be mulling staff cuts and may merge its network and studio departments.

Read the whole story at Variety »

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