Big Media Layoffs Jolt CNN, Murdoch From Dot-Com Daze

The most surprising part of the news that CNN was planning to lay off 500 to 1,000 employees–its 750-person interactive division taking the brunt of the cut–was not the layoffs themselves. Considering that the AOL-Time Warner merger was approved just the day before, a newly merged company shedding jobs is not all that rare. Read More