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Altice Media plans to reduce workforce, close sports news channel

2020-05-20 10:29:00| Telecompaper Headlines

(Telecompaper) Altice France has presented a restructuring plan for its subsidiary Altice Media, triggered by the impact of the Covid-19 crisis. Trade unions representatives have been informed that the restructuring will start with job cuts based on a voluntary redundancy plan. While details of the measures will be released in the coming weeks, the company said that it will reassess its entire media business and has already identified several areas, including sports, where investment will be cut. Among them, athletics, tennis and horseracing will no longer feature in Altice Media's content strategy.

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