Divisions of ABC, including ABC News, are starting to make cuts as the nation continues to experience economic gloom.
ABC is the latest in a line of belt-tightening entertainment companies. NBC Universal recently underwent $500 million in cost cuts. ABC and ABC News are trying to limit expenses in an effort that has not yet resorted to layoffs.
In a memo to employees late last week, ABC News president David Westin asked executives to fly in cheaper classes and stay at cheaper hotels, canceled print publications and tightened regulations regarding convention attendance and business lunches.
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