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The economic crisis hits Sesame Street

in Apolitical by

The economic crisis has hit Wall Street, Main Street and…Sesame Street? The New York City-based nonprofit Sesame Workshop, which produces the famous children’s show, announced plans to lay off 20% of its staff — about 70 employees. The workshop’s funding derives from licensing and syndication fees, government grants and philanthropy — all of which are slumping.

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