CNBC Makes Cuts Despite Record Ratings

Dec 1, 2008  •  Post A Comment

CNBC is cutting about 10% of its budget amid the best ratings in its 19-year history because of parent company NBC Universal’s attempt to reduce expenses by $500 million, Broadcasting & Cable reports. The network is reducing some expenses related to travel, entertainment and staffing just as it’s about to launch a promotional campaign featuring its more than 40 anchors and reporters, B&C says.
—Danny King

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