03/27/2011 10:28 pm ET Updated May 27, 2011

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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