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Business

Turner Broadcasting to offer voluntary buyouts, layoffs also expected

By Matt Kempner
Aug 25, 2014

Turner Broadcasting, one of Atlanta’s biggest employers, will offer voluntary buyouts this week to hundreds of its U.S. employees, two company executives familiar with the plans have told The Atlanta Journal-Constitution.

Additional job cuts are still expected later this year at the company, which is part of Time Warner Inc. and includes TNT, TBS, CNN, Cartoon Network/Adult Swim, truTV, HLN and other TV networks and online sites.

But the two executives said there are no plans to move CNN's substantial operations out of Atlanta. Turner Broadcasting has nearly 13,000 full-time employees worldwide, about half of them in metro Atlanta. The company is profitable but facing challenges. CNN and Turner leaders have recently discussed some of what's ahead.

This story is still developing. Stay with MyAJC.com and the print edition of Tuesday’s AJC for more on what’s ahead for one of Atlanta’s biggest employers.

About the Author

Matt Kempner is an award-winning journalist who seeks out intriguing twists about people and subjects beyond what the AJC might typically cover. A former columnist and editor, his past assignments have included business investigations, energy, the economy, entrepreneurs, big business, consumer spending, politics, government and the environment.

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