Fox Cutting Staff in Film and TV

If you need a first look at how 2017 is shaping up, look no further than Fox.

Variety is reporting that 21st Century Fox is looking to cut $250 million in fiscal 2017 (which begins in July). Fox is offering buyouts for some long-term, expensive employees. The resignations are due by May 23rd.

Hundreds of people are expected to be let go. Most of the cuts are reportedly going to come from the TV unit. Fox' ratings have been down, with the exception of Sunday's airing of GREASE LIVE.

Word is the Fox O&O division has been telling stations they have to reduce their budgets, as well.

Evidently all the money they're making in this presidential year, isn't enough.