ABC.com completes more layoffs

Walt Disney has confirmed that it has undergone another round of layoffs at its ABC.com division. Although a company representative declined to offer any figures, one employee who was affected estimated that roughly 85 percent of the staff was let go. "It's cost-cutting, and we felt that, looking at ABC.com, it was an area where we could still maintain a robust site but...with a smaller staff," said Kim Kerscher, a Disney spokeswoman.

Disney, which owns ABC, has been gravely affected by the sluggish advertising environment and the slowdown in travel after the Sept. 11 attacks. Earlier this year, it folded portions of its Web operations back into their respective TV businesses.