Tweet

Comcast Making Cuts, And So Will Avid

by Glen Dickson and John Eggerton -- Broadcasting & Cable, 10/26/2008 8:00:00 PM

Comcast Spotlight, the ad sales arm of the cable giant, is cutting more jobs, a spokesman confirmed. Last week, Comcast Cable company-wide cut 300 jobs.

The latest Spotlight cuts are in addition to ones that unit made a couple of months ago.

Also, editing and video storage supplier Avid posted a net loss for the third quarter of $66.4 million, or $1.80 per share, compared to a net lost of $5.9 million, or 14 cents per share, for the same period in 2007.

It also announced that it will be eliminating 500 positions, representing 20% of its work force. The company will take a restructuring charge of roughly $21-$24 million.

Tweet

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author
• Most Popular Pages

No related content found.

Also by this author

• Telecast Makes 3D Push

• IBC Eyes 3D, IP Delivery

• ESPN Drives Interactive Tennis for DirecTV

• ActiveVideo to Unveil 3D Interface at IBC

• 3Ality Digital, Chyron Power NFL 3D

Also by Glen Dickson

Most Popular Pages

No Top Articles

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• Mixpo

  

  Mixpo is a video advertising technology provider that enables publishers, ad networks, and agencies to easily deliver dynamically tailored, interactive video ads that are customized in real-time for unique audience segments. Our platform also provides automatic multivariate testi..more

---

Most Recent Resources

• The New Normal for Promoting Tune-in
• Achieving Operational Freedom in Digital Media Workflows