BUSINESS
03/28/2008 02:45 am ET Updated May 25, 2011

NBC Plans Major Job Cuts At MSNBC, News Division

NBC boss Jeff Zucker is expected to make big cuts on the newsgathering and operational side of the company's news division, including eliminating an entire level of MSNBC's management team, in a bid to save between $20 million and $40 million, The Post has learned.

Sources inside or close to NBC yesterday claimed the cuts, which are expected to come down this week or next, will be weighted evenly between NBC News and MSNBC. CNBC staffers are being shielded from this round of cuts because Zucker wants the network to be at full strength now that the battle with Fox Business Network has begun. (FBN is owned by News Corp., which also owns The Post.)

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