12/15/2008 05:12 am ET | Updated May 25, 2011

Fox And NBC Local Stations Team Up To Save Money

In a move intended to save money in the economically pressed business of local television news, two stations in Philadelphia owned by NBC and Fox are combining some of their video operations with a plan to provide the service to all the stations owned by each company.

Executives from NBC and Fox compared the arrangement, announced Thursday, to the pool coverage that news outlets use to report on certain events, or to what wire services provide to newspapers.

"It's really taking pool coverage and expanding it to day-to-day news coverage," said Jack Abernethy, the chief executive of Fox Television Stations. He said stations could save significantly in such an arrangement, adding that individual stations would not have to each send out "a truck that costs $250,000 or a crew with lights and tripods that cost $40,000 to $50,000."

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