According to a local spy, News Corp. is preparing for a round of cutbacks after the new year, mandating major O&O’s to make “across the board” cuts. Stations like New York’s WNYW, Chicago’s WFLD and Houston’s KRIV are expected to be hit hard.
Our source tells TVNewser some talent contracts are not being renewed, and that any talent who want to renew their deals will be asked to take a pay cut. As for existing talent “balking at signing a pay cut,” our source says, “There’s plenty of good talent on the street looking for work.”
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