Turner Broadcasting offering buyouts

Published August 26, 2014 6:13pm ET



NEW YORK (AP) — The corporate parent of CNN, TNT and TBS on Tuesday offered voluntary buyouts to 600 veteran employees, part of an overall cost-cutting effort at the Atlanta-based broadcasting company founded by Ted Turner.

The offer went out to U.S.-based employees who are over 55 and have worked at the company for at least 10 years, excluding on-air talent and others with specific contracts. Some 9,000 of Turner’s 13,000 employees are based in the United States.

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