The current wave of downsizing at 21st Century Fox may not be the last. Speaking to investors Monday following the release of the company’s second-quarter 2016 earnings, CEO James Murdoch indicated that the company has designs on cutting payroll beyond the buyout program that the company initiated last week in its film and TV businesses. “One number that has been out there is really $250 million of savings around this particular program, but these are programs that are going to be ongoing,” Murdoch said. “And they run across all the businesses.” Also Read: 'Gotham' Releases First Look at Bd Wong as Hugo.
- 2/8/2016
- by Daniel Holloway
- The Wrap
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