At Least One Major News Org May Have Blown Its Budget This Year
It’s been an eventful year for news.
All the protests, natural disasters, royal weddings and so on had already cost news organizations a pretty penny, as we noted back in March.
Now, the death of Osama bin Laden might’ve pushed ABC News over the brink, writes Howard Kurtz in Newsweek. The network has used up its multimillion emergency fund set aside for breaking, unexpected news.
ABC now may need to ask its bosses at Disney for more money, though there’s no “blank check.”
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