NBC Universal's plan -- the so-called "NBCU 2.0" -- is a frightening reminder to traditional media of what's coming. NBC plans to cut staff, stop producing expensive drama shows for the 8 pm slot, consolidate its operations and switch resources to digital media. The plan: cut costs and invest more in digital media opportunities where it expects its digital revenues to surpass $1 billion by 2009. But the house that Jack (Welsh) built has taken a hit from a few 22 year olds who were just screwing around in their garage -- not working on a car, but building YouTube. YouTube is fast becoming the new television. But traditional media has&hellip
Recent Posts
- How Creditors Pick Beasley Clean
- SiriusXM, iHeart Merger Talks Explained
- Cumulus’s New Ownership Alarm
- The Private Sale That Cratered Beasley
- The Station Liquidation Crisis
- Who Gets Beasley?
- The Disappearing Brand Manager
- iHeart’s Overlooked Profit Engine
- The CDs Weird Resurrection
- iHeart CEO Paid for Layoffs