Posted on 05/02/2020 3:40:31 AM PDT by abb
Comcast Corp. ’s NBCUniversal is reviewing operations across its portfolio of media and entertainment properties as part of a cost-cutting effort that could result in a significant reduction of staff, people familiar with the matter said.
Discussions began this past week regarding cost-cutting measures, including layoffs, the people said. NBCUniversal’s holdings include the NBC broadcast network, the Universal Pictures movie studio, theme parks, NBC News and several entertainment cable channels.
NBCUniversal Chief Executive Jeff Shell alluded to the review during Comcast’s earnings call Thursday. Asked how NBCUniversal was positioned to deal with the economic fallout from the coronavirus, Mr. Shell said,“On costs, the question about whether we’re right-sized on costs given where the environment is headed, the answer is probably no, and we’re addressing that pretty aggressively.”
He added: “And certainly over the next weeks and months, we’ll make pretty significant adjustments there across our business.”
Other units that will be scrutinized include the cable networks group, which includes the Bravo, E! and USA channels, a person familiar with that sector said.
Advertising revenue slightly decreased in the quarter, and is expected to be down significantly in the current quarter.
(Excerpt) Read more at wsj.com ...
I don’t like to see people loose jobs but when a major leftist organization is losing ground I call it WINNING....
the irony is so thick it can’t be cut with a knife: Concast “news” divisions have been cheering the economic destruction and demanding even more of it with states locked down until a vaccine is developed, and then curiously enough their revenue dries up for some unknown reason, and they’re forced to layoff a bunch of their leftist propagandists ...
I could think of a few at CNBC that need culling.
Talk about non-essential workers.
Can’t say I feel bad. Hopefully the layoffs will extend to MSNBC. The media and Hollywood are the least essential workers of all and they will NOT be missed.
FINALLY some good news!
Tough break.
I watch “I Love Lucy” early in the morning on Hallmark. Such a TV series could not be made today. A ditzy woman just ain’t politically correct.
Biden could autograph them to make a point...
So, nothing will change.
Awwww ... couldn’t happen to a nicer group of people...
*plays funeral dirge on the world’s tiniest violin*
The man is awful. His rhetoric is truly awful, full of spiteful venom. Why people think he’s funny is beyond me.
I know. I think it was Robin Williams who said that the kind of comedy he made could never be made today.
In fact he killed himself because he felt he couldn’t make people laugh anymore.
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