Time Warner Could Terminate 500+ as News Networks Suffer

Time Warner is undergoing some change. The media conglomerate will reportedly offer buyouts to around 500 to 600 employees at its Turner cable division in a move to restructure its operations. Time Warner has previously said restructuring would take effect in the second half of the year. The unit, which includes cable channel CNN, has been suffering lower ratings and higher programming costs. Should buyouts not be taken volunarily, layoffs will follow, reports entertainment industry news site The Wrap, which broke the story. The bulk of offers will be focused on HLN and CNN. Keris Lahiff reports.