AllThingsD Editors Finalize Deal With NBC Universal

AllThingsD Editors Finalize Deal With NBC
BURBANK, CA - OCTOBER 20: The NBC peacock logo hangs on the NBC studios building on October 20, 2008 in Burbank, California. NBC Universal plans another round of major cuts totaling $500 million from the next yearly budget in spite of recent strong quarterly reports. The cuts come as the media sector copes with recent market turmoil that sent stock prices for many major conglomerates plunging to all-time lows, as much as 70 percent for the past year. NBC Universal stations are facing a serious local ad slump while its parent company, General Electric, is facing financial problems with heavy reliance on financial services in an environment of frozen credit. (Photo by David McNew/Getty Images)
BURBANK, CA - OCTOBER 20: The NBC peacock logo hangs on the NBC studios building on October 20, 2008 in Burbank, California. NBC Universal plans another round of major cuts totaling $500 million from the next yearly budget in spite of recent strong quarterly reports. The cuts come as the media sector copes with recent market turmoil that sent stock prices for many major conglomerates plunging to all-time lows, as much as 70 percent for the past year. NBC Universal stations are facing a serious local ad slump while its parent company, General Electric, is facing financial problems with heavy reliance on financial services in an environment of frozen credit. (Photo by David McNew/Getty Images)

AllThingsD editors Walt Mossberg and Kara Swisher, who are leaving News Corp. at the end of the year, completed a deal with NBCUniversal for a news and conference business that will bring their current staff to a newly named website, according to people familiar with the matter.

Mossberg and Swisher will have majority control of the venture, with NBCUniversal and another unnamed investor together taking about a third of the business, according to one of the people, who asked not to be identified because the matter is still private. The new business tentatively plans to announce the agreement on Jan. 2, they said.

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