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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	AT&T's media-entertainment unit WarnerMedia is set to unveil significant jobs cuts in response to the economic impact on the sector from the coronavirus pandemic, the Wall Street Journal reported Thursday. The report, citing unnamed sources, said the division is seeking to cut costs by up to 20 percent to cope with the drop in revenue from cinema, cable subscriptions and TV ads. This could results in thousands of layoffs at Warner Bros. studios and TV operations which include HBO, TBS and TNT. WarnerMedia, acquired by AT&T after it fended off an antitrust lawsuit from the US government, did not immediately respond to an AFP query. The division recently launched its HBO Max streaming service as part of an effort to compete with established rivals Netflix and Amazon and new services from Walt Disney and Comcast's NBCUniversal. AT&T has more than 240,000 employes but the company does not break down the numbers by division. rl/bgs
schema:headline	AT&T's WarnerMedia readies job cuts: report
schema:mentions	Warner Bros. HBO HBO Max Cable television AT&T Agence France-Presse The Wall Street Journal Walt Disney Prime Video Netflix The Walt Disney Company Pandemic Coronavirus WarnerMedia Turner Broadcasting System Turner Sports Comcast NBCUniversal Competition law
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-08 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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