CBS's announced layoffs last week is another signal that the market is slow in 2008. While some stations have reported an increase in revenues, such as NBC, CBS reported large losses.
The interesting take on this though is CBS cut staff in their news department. In fact they recently let go some prominent news anchors which viewers are left to scratch their heads about.
"The message being sent is, if you succeed in your job, you succeed in your craft, look out! You're too expensive," said Tom Petner, a former local broadcasting executive who edits TVSpy.com's ShopTalk, a daily industry newsletter. "I think it's shameful, because in the end the viewer loses out."
Click here to read the full article at LA Times.com
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