Turner Broadcasting has reviewed its Hong Kong-based Asia-Pac operation (‘Turner Asia’) and will trim about 30 per cent of staff. Turner’s television channels include market-leader Cartoon Network and its sister channels, as well as film-based channels such as TCM, HBO and WB. It also has interests in India’s CNN-IBN news channel and a channel operated as Zee Turner. Its Indian operation is impacted less than Hong Kong, according to local reports.
“The new, leaner central structure means more efficiency, less bureaucracy and greater empowerment for local management in the company’s three regions of south Asia, southeast Asia Pacific and north Asia,” said a press statement from Turner International.
A detailed review, conducted by PricewaterhouseCoopers (PwC), will see a reduction in headcount in all areas except CNN’s editorial and advertising sales. Not all staff reductions will take place this year, but Turner Asia is on a drive to see revenues doubled by 2020.