"On Wednesday, NBC News began cutting 7%, or about 150 of its roughly 2,000-person staff, as it gears up to operate independently of its cable brethren. NBC News parent Comcast's NBCUniversal is set to spin off several of its cable networks, including MSNBC and CNBC, into a new company, Versant. It's the latest sign of cable's ongoing decline as viewing behavior shifts to streaming."
"The separation of the news channels will end an entwined but sometimes fraught relationship between the outlets. NBC News shared resources with MSNBC and leaned on CNBC's reporting. MSNBC's leftward tilt has sometimes complicated matters for straight-news NBC News and local NBC stations. Going forward, NBC News and MSNBC will continue to cover the same news events, but MSNBC will need to figure out how to do so without relying on NBC News' resources."
NBC News began cutting 7%, about 150 of roughly 2,000 staff, as it prepares to operate independently from MSNBC and CNBC. Comcast's NBCUniversal is spinning off several cable networks, including MSNBC and CNBC, into a new company called Versant, reflecting cable's decline as viewing shifts to streaming. NBC News attributed the cuts to a tough business climate and the loss of roles that supported the cable outlets. While reducing headcount, NBC News has about 140 open roles and encourages laid-off workers to apply. The separation ends resource-sharing with MSNBC and CNBC; MSNBC must now cover events without NBC News resources and rebrand as MS NOW. NBC News plans a subscription streaming service, expanded sports coverage, and a marketing push to emphasize rigorous, fact-based reporting.
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