Italy's La 7 set to ax hundreds
Ad revenue, flat viewership cited for layoffsROME -- La 7, Italy's smallest national broadcaster, said Wednesday that it is set to lay off "hundreds" of workers as it faces eroding ad revenue and flat viewership levels.
The network is the centerpiece of the media unit owned by former telephone monopoly Telecom Italia. It operates the only one of the seven free-to-air national networks not owned by either Silvio Berlusconi's Mediaset or state broadcaster RAI.
Details of the layoff plan were not released.