"all of our business leaders are being asked to cut their spending projections for 2009. We are asking for a reduction of approximately $500 million across the company, which represents about 3% of our overall budget. While each business leader has flexibility in how to meet this goal, we have asked them to focus on three areas: reductions in promotion expenses; in discretionary spending, such as travel and entertainment and outside consultants; and in staffing costs."If NBC wants to start making more money, maybe their producers had better start crossing their fingers for a McCain-Palin win next month. Palin's appearance last Saturday helped Saturday Night Live hit their highest number of viewers in 14 years.
NBC Cuts $500 Million
