News Orgs Paying The Price For Costcutting
The last three months have been….eventful, to say the least. What with the Middle East, natural disasters and someone or other getting married there have been a lot of boots on the ground in foreign places.
Some news orgs may have already blown through their entire foreign news budgets with 3/4 of the year remaining, TheWrap reports.
David Verdi, NBC News VP of worldwide newsgathering, told TheWrap that the first day of a catastrophe costs $1 million.
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