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NBC???: Trying To Save $750 Million

“NBC Universal said Thursday it would cut 700 jobs and streamline its news operations as part an overhaul that is aimed at exploiting new forms of electronic distribution,” the AP says.

“NBC, a unit of General Electric Co., said it expects the revamp to save $750 million in operating expenses by 2008. The job cuts would represent about 5 percent of its work force.” More…

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