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Richard Drew / AP

Disney, the parent company for ABC, ESPN, Freeform and the Disney Channel will lay off up to 300 employees, WSJ reports. Most of the cuts are expected to come at ABC and local TV studios, and some at Disney and Freeform.

Why it matters: The company has continued to post losses due to declining ad revenues and increased programming costs, and is seeking to cut costs at the Disney/ABC Television Group by 10%.

Ben Sherwood, President of the Disney/ABC TV Group, is overseeing the cuts, WSJ reports, and will present a plan to Disney CEO Bob Iger in the coming weeks.

Our thought bubble: Revenue declines have often been blamed on ESPN, which already had major layoffs this year, but the network doesn't look to be affected by this round of cuts.

Go deeper

Fringe right plots new attacks out of sight

Illustration: Aïda Amer/Axios

Domestic extremists are using obscure and private corners of the internet to plot new attacks ahead of Inauguration Day. Their plans are also hidden in plain sight, buried in podcasts and online video platforms.

Why it matters: Because law enforcement was caught flat-footed during last week's Capitol siege, researchers and intelligence agencies are paying more attention to online threats that could turn into real-world violence.

Kids’ screen time up 50% during pandemic

Illustration: Sarah Grillo/Axios

When the coronavirus lockdowns started in March, kidstech firm SuperAwesome found that screen time was up 50%. Nearly a year later, that percentage hasn't budged, according to new figures from the firm.

Why it matters: For most parents, pre-pandemic expectations around screen time are no longer realistic. The concern now has shifted from the number of hours in front of screens to the quality of screen time.

In photos: D.C. and U.S. states on alert for pre-inauguration violence

National Guard troops stand behind security fencing with the dome of the U.S. Capitol Building behind them, on Jan. 16. Photo: Kent Nishimura / Los Angeles Times via Getty Images

Security has been stepped up in Washington, D.C., and state capitols across the U.S. as authorities brace for potential violence this weekend.

Driving the news: Following the Jan. 6 insurrection at the U.S. Capitol by some supporters of President Trump, the FBI has said there could be armed protests in D.C. and in all 50 state capitols in the run-up to President-elect Joe Biden's inauguration Wednesday.