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By Joe Flint
About 200 employees are being let go at Disney's ABC News Group and Disney Entertainment Networks unit, people familiar with the matter said.
The layoffs are being announced to employees as early as Wednesday and represent just under 6% of the combined staff at the two units, according to one of the people with knowledge of the cuts.
The cuts are the latest of several staff reductions over the past few years at Disney, which like many entertainment companies is looking for ways to save on what used to be core businesses as it spends more on sports and entertainment content to compete in the streaming marketplace. Ratings and revenue are down at many cable channels as consumers ditch cable packages and advertisers flee for streaming services and digital platforms.
The ABC news magazine shows "20/20" and "Nightline" are consolidating into one unit, resulting in job cuts, the people said. ABC is also eliminating the political and data-driven news site 538, which had about 15 employees.
All three hours of "Good Morning America" branded shows will be consolidated under one person; previously, the third hour had a separate production team.
At the Disney Entertainment Networks unit, which houses broadcast networks and cable channels such as Freeform and FX, there will be staffing reductions in program planning and scheduling.
The industry newsletter Status first reported that cuts were coming to ABC News.
Write to Joe Flint at joe.flint@wsj.com
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