Jobs on Net

LOS ANGELES - Time Warner Inc.'s Warner Bros. Entertainment movie studio said Tuesday it is eliminating nearly 800 jobs, or 10 percent of its global work force, and is examining further cost reductions.

The cuts come after the studio posted a 9 percent drop in third-quarter revenue to $2.88 billion, despite the success of the summer blockbuster, "The Dark Knight." Earlier this month, parent Time Warner said it will post a loss for the full year due to a $25 billion write-down of its assets in cable, magazines and Internet, caused in part by the advertising slowdown.

"Despite the fact that the company performed solidly in 2008, this decision reflects changes necessary for stability and growth going forward," the studio's top executives, Chief Executive Barry Meyer and President Alan Horn, told employees in an e-mail Tuesday morning.

"Shifting consumer demand and the overall state of the economy have affected companies around the world, and Warner Bros. is not immune," they said. Most of the jobs will come out of the studio's headquarters in Burbank, Calif., through a mix of layoffs, the elimination of open positions and outsourcing, said spokesman Scott Rowe.