The MSNBC operations in Secaucus, NJ, will close down and move to Rockefeller Center and another site in New Jersey, according to a report in the Wall Street Journal. It’s part of an overall plan by NBCU to cut $750 million in operating expenses by the end of the year. NBCU’s news budget will be slashed, with most of the company’s 700 job cuts coming from its news division. Meantime, B&C writes: “NBC U has been considering drastic measures, including scrapping all of MSNBC’s live programming and switching to a taped, magazine-like format, while switching successful personalities Chris Matthews and Keith Olbermann over to sibling CNBC’s primetime slate.”
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