Andrew Wallenstein in The Hollywood Reporter writes about the belt tightening that’s going on at NBC Universal, parent of NBC/MSNBC News…
With NBC Universal Television Group suffering through a fiscal downturn, the division’s president, Jeff Zucker, is implementing cost-cutting measures affecting everything from travel expenses to the snacks served at meetings, according to an internal fiat obtained by The Hollywood Reporter that sources say he issued to key execs this month.
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Curtailments also are called for on overtime (the memo discloses that the TV Group spent $10 million here in the first half of the year), with overtime not related to production eliminated.
In classic GE style, no line item is apparently too small for excision, with prohibitions ordered on the acquisition of any office supplies, furniture and electronic equipment including BlackBerrys for the rest of the year. The memo also stipulates that any food or snacks served at off-site meetings would be restricted to “those in which an outside guest or customer are present.”
The article doesn’t mention anything about what’s going on in the news divisions but you can use the above cuts as an example of the thinking that’s going on and extrapolate what kinds of things News will be looking at to cut…