Wall Street's Woes Hit Sesame Street

Drop in donations forcing round of layoffs at Sesame Workshop
By Rob Quinn,  Newser Staff
Posted Mar 12, 2009 2:51 AM CDT
Big Bird reads to Connor Scott and Tiffany Jiao during a taping of 'Sesame Street' in New York last year.   (AP Photo/Mark Lennihan, file)
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(Newser) – The recession is pushing Sesame Street closer to Skid Row, reports the Financial Times. The educational foundation behind the TV show and a variety of community programs is laying off a fifth of its 355 staff. The Sesame Workshop has been hit hard by market turmoil eroding its investments and by the philanthropic cutbacks at the Wall Street firms that are among its biggest backers.
(Read more Sesame Street stories.)