News Budgets Busted By Cost Of Covering Disasters

News Budgets Busted By Cost Of Covering Disasters

From Japan to Libya, disasters and political upheavel around the globe are wreaking havoc on the already-skeletal budgets of cable and broadcast news organizations.

"We've already had a year's worth of breaking news coverage, and it's not even the end of March," David Verdi, NBC News VP of worldwide newsgathering, told TheWrap.

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