ABC News has laid off a percentage of staff in the low single digits on Thursday as part of ongoing cuts across the Walt Disney Company, a source familiar with the matter told TheWrap. “Unfortunately, as we position ABC News for the future, we’ve made the difficult decision to reduce the size of our workforce in a few areas,” ABC News President James Goldston said in a memo to staff. “As hard as...

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Walt Disney is closing its children's radio programming station and laying off staff amid a broader restructuring of its operations.

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