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NBC NEWS TO FEEL THE AXE
Thursday, December 6 2007
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NBC President Jeff Zucker is planning to downsize the network's news division, carving $20-40 million from its payroll, the New York Post reported today (Thursday), citing sources inside or close to the network. NBC News and MSNBC staffers are expected to bear the brunt of the cutbacks, while CNBC employees are said to be "shielded" in order to remain at full strength as the cable network battles the nascent Fox Business Network. MSNBC's primetime programming chief, Bill Wolf, and its editorial director, Davidson Goldin, are among those who will lose their jobs, the Post said. An official announcement is expected within days.
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