ABC News plans to shrink by 25% because of increased financial pressure.
The network will go through a top-to-bottom reshuffle to revamp the way it gathers and produces news.
ABC News president David Westin said that the news will undergo a “fundamental transformation that will ultimately affect every corner of the enterprise”.
The area at most risk — report staff that produce news magazines 20/20 and Good Morning America, says the Los Angeles Times.
