AJC: Major changes coming to NBC properties

Prime-time laggard NBC to cut jobs | ajc.com: "Lagging in network television and facing a digital media revolution, NBC Universal said Thursday it would cut 700 jobs, overhaul news operations and change prime-time TV by dropping costly dramas and comedies from the 8 p.m. hour.

The entertainment company, which includes the NBC network and is owned by General Electric Co., said the changes would save $750 million and slash its work force by about 5 percent by the end of 2008. The plan includes closing MSNBC's New Jersey headquarters and potential cost-cutting changes at the Universal film and theme park operations.

Company executives said savings would be invested in faster-growing areas, particularly Internet sites and more efficient digital operations."