Wednesday, November 29, 2006

NBC Universal Cuts Effect Local Stations

From Washington Post, November 29, 2006:
In a generational change of local TV news personalities, WRC (Channel 4) has in recent weeks begun eliminating some of its most familiar faces as part of a cost-cutting drive by its owner, NBC Universal. Yesterday, Arch Campbell -- the station's avuncular entertainment reporter/reviewer -- became the latest News4 star to announce he was severing ties with the station.
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WRC is a highly profitable operation (Jack would not release specific figures) that has long enjoyed a market-leading position. The station nevertheless has been swept up by the "NBC 2.0" program, a broad initiative by NBC Universal to cut more than $750 million in expenses from its news and entertainment operations and trim about 700 positions (roughly 5 percent of its employees).
NBC Universal owns 10 NBC stations, 15 Telemundo stations and one independent station, all of which are in large markets. How deep the cuts into these stations are will determine how much effect they will have on the quality of news on these stations.

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