Outdoor Channel to cut 25 percent of jobs at recently acquired sports programming unit
By APWednesday, November 11, 2009
Outdoor Channel to cut 25 pct of Winnercomm jobs
TEMECULA, Calif. — Outdoor Channel Holdings Inc. said Wednesday that it’s laying off a quarter of employees at recently acquired Winnercomm Inc. because the economic downturn has hurt business.
The owner of the Outdoor Channel cable network bought sports programming producer Winnercomm in January. Outdoor Channel did not disclose how many workers will be laid off and calls to the company were not immediately returned.
According to CapitalIQ, Winnercomm has about 160 employees.
Winnercomm owns the patented Skycam and Cablecam systems, which use aerial cameras to capture overhead video of football games and other major events. Winnercomm, based in Tulsa, Okla., supplies more than 1,000 hours of programming a year to 14 national television networks, including ESPN.
Shares of Outdoor Channel, based in Temecula, Calif., rose 7 cents to close at $6.50 on Wednesday.
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July 14, 2010: 1:28 pm
October 14th, 2009 MySpace hires revenue chief; names iLike execs VPsLOS ANGELES — MySpace is naming a former MTV Networks ad sales executive to a top role, while promoting the founders of recently acquired site iLike to senior positions. News Corp.’s social networking hub said Wednesday it hired Nada Stirratt to become chief revenue officer. |
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November 14, 2009: 1:41 pm
According to me whatever the cut have been seen in the programming language jobs is due to recent recession. But I think, the situation would become better when the overdue of the current situation have been removed. |
zercath