21st Century Fox: Up to 400 Employees Take Buyouts

Los Angeles Times: Hundreds of employees from media giant 21st Century Fox have opted to take buyouts as part of the company’s efforts to cut costs at its TV networks and film studio. The total number of people who accepted benefit packages to leave the company was said to be 300 to 400. Buyout offers were first announced in February to help the conglomerate cut expenses by $250 million.