According to a VARIETY news report, layoffs may be imminent at newly acquired Fox Family Worldwide. The Walt Disney Company recently completed their buy out of Fox Family for a final purchase price of $5.2 billion and the changes have already begun. The company’s flagship Fox Family cable channel has been renamed ABC Family and it will be rebranded with an interim ABC Family logo starting this weekend. Although ABC spokespeople have declined comment, except to allow they are "in the process of making a determination in the restructuring of the company," it seems likely cuts will be made in overlapping operational departments including sales, marketing and merchandising.