HEADLINES: CTS laying off staff for the first time in five decades

<p>Taiwan's oldest terrestrial network, Chinese Television Station </p><p>(CTS), is laying off staff for the first time in its five-decade </p><p>history. The number made redundant is not known but the process is </p><p>beginning with some senior managers who are being offered early </p><p>retirement packages. There is speculation that rivals CTV and TTV will </p><p>follow suit. </p><p><BR><BR> </p>