Report: MSNBC to close Secaucus facility, NBC to layoff hundreds amid $750 million in budget cuts
Steve Safran October 19th, 2006
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.”
8 Comments Add your own
1. thedetroitchannel | October 19th, 2006 at 6:29 am
are they closing it down because the sign out front reads MNSBC?
i don’t know why they couldn’t have waited until everyone made the switch to HD so they’d have “up to 4 times the channels” to shutdown.
2. Vinny | October 19th, 2006 at 8:17 am
They’re probably closing it down because it’s a dump. Honestly, the only nice part of that facility is the studios themselves. The green rooms are a wreck, and cables run out where people walk through halls.
Hardly the kind of place you’d want people to come to when you’re trying to portray yourself as a powerful and prestigious news organization.
At least the people are super nice, but that’ll only take you so far.
3. 5w50 | October 19th, 2006 at 8:57 am
Yeah, Secaucus is a dump ['cause it's built on one; Secaucus was famed for poits pig farms and dumps last century].
Englewood Cliffs is nice but it’s like working in the middle of nowhere. You’re surrounded by woods and Canada geese.
Those few and lucky to head to 30 Rock will enjoy its lucrative union contracts - especially DGA.
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