The Hollywood Reporter’s Paul J. Gough pours some water on Peter Lauria’s Post article…
“There is an ongoing process at NBC News to reallocate, reorganize and right-size the division given the business pressures that every major media organization is facing,” NBC News said in a statement. “This process began some time ago, it continues today, and will continue tomorrow.”
Further details were not available from the company.
The source disputed a New York Post report on Thursday that said the General Electric-controlled company planned to make “deep” cuts in the news division to save $20 million to $40 million following poor November ratings in NBC’s entertainment division.
Two NBC News sources said the Post report caught employees by surprise, as the size and scope of the cuts have not been determined.