Fox Restructures Ad Sales, With Big Hires and Some Layoffs

Fox Corp. is the latest big media entity to restructure its ad-sales operations as TV companies work harder to capture Madison Avenue’s dollars. Fox on Wednesday unveiled a series of new hires of sales executives who had previously worked at Warner Bros. Discovery and DirecTV, among other places, as well as some layoffs that a person familiar with the matter said would account for “less than 3%” of the department’s overall ad sales staff. The shuffle comes after the arrival of Jeff Collins as president of advertising sales, marketing and...