Fox News Media Plans Staff Reductions in Restructuring Effort

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Fox News Media expects to cut less than 3% of its overall staff as the unit, the financial engine of parent Fox Corporation, works to make its operations more efficient after a period of expansion.

“As Fox News Media has evolved into a streamlined multi-platform organization, we are realigning several functions and restructuring various divisions in order to position all of our businesses for ongoing success,” the company said in a statement Wednesday. The number of people affected is said to be fewer than 80, and the move will include positions of all ranks, except for on-air anchors, reporters and contributors.

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