And more good news from the Drive By Media...
NBC Universal makes $750M in cuts by reducing staff, scripted shows, news budget
NEW YORK (AP) - NBC Universal plans to cut US$750 million in operating expenses by the end of 2007 by eliminating employees, cutting back on scripted shows, and slashing its news budget, according to a report Thursday in the Wall Street Journal.
The moves come as more and more viewers and advertisers gravitate toward new media, NBC Universal chairman Bob Wright told the newspaper. He said the moves would restore the company to double-digit growth next year.
The era of the big star and egos are over; that's not what people tune in to see anymore. That era is gone -- with the Dan Rathers and Barbara Streisands.
Most people would prefer somebody who's just good -- to an overinflated superego; that's why the Hitlers and the Saddams don't attract a following anymore. That era is gone.
What they need is just competence and ability -- and not more hype and sensationalism. The tragedy is that these people read their own press releases and believe they are as good as their publicists/agents tell them they are.
After they reap their millions, they move on to feed on another carcass.
Nice. Some bad news for ABC will complete the trifecta.