NBC Lays Off 150 "Journalists," Sacking Its Black, Latinx, and Gay DEI Unites "NBC BLK," "NBC Latino," and "NBC OUT"

Racist homophobic NBC has officially joined MAGA.

They're slashing their payrolls in anticipation of spinning off basket-case MSNBC from also basket-case NBC "News." Also, they hate blacks and gays. Anytime you take an action adverse to the interests of any blacks or gays that means you're acting out of "hate," right? Right?

NBC News eliminated its teams dedicated to covering issues affecting Black, Asian American, Latino and LGBTQ+ groups as part of its layoffs of about 150 staffers on Wednesday, according to two sources familiar with the matter, a significant culling as the Peacock network separates from its sister news network, MSNBC.

The cuts mean that the verticals NBC BLK, NBC Asian America, NBC Latino and NBC OUT will no longer have dedicated teams bolstering their coverage. The verticals will continue to publish stories related to the specific groups and NBC News may ultimately retain up to five staffers who will contribute coverage on the verticals to the newsroom, according to one source, as the dedicated teams focused exclusively on these verticals are sunset.

The total reductions, which affected NBC News' entire news operation, make up about 7% of NBC News' newsroom of about 2,000 staffers and 2% of the wider NBCU News Group, which includes Telemundo and the network's owned-and-operated local news stations. The cuts did not target specific teams and were driven by the network's budget and the desire to streamline its editorial efforts, according to one source.

...

The job losses came as the network no longer needed to support two different news operations, as MSNBC has moved under the spun-off company Versant....

The layoffs also reflect the media industry's larger retreat from efforts focused on diversity, equity and inclusion. Gannett, the nation's largest newspaper chain, removed mentions of diversity from its website in April and said it would stop publishing demographic data on its website. Disney also rebranded its internal DEI efforts last week to "Opportunity & Inclusion," according to Puck.

MSNBC has begun growing its own newsroom, hiring swaths of talent from NBC News, the Washington Post, Politico and others as it builds its newsgathering operation. It plans to launch its rebranded image -- including its new name, MS NOW -- in the coming weeks.

LOL, sure.

CBS will also be laying off "journalists" soon:

Dylan Byers @DylanByers

Oct 15

Significant layoffs underway today at NBC News... big round of layoffs coming this quarter at CBS News...

Bonus: All of you guys who paid for a lifetime subscription to CNN Plus are going to be psyched about this -- CNN's about to launch its next failed streaming service.

Dylan Byers @DylanByers

2h
New: CNN’s new streaming service launches on Oct. 28, per internal meeting

I don't know about you, but the thing I miss most about cutting the cord is Jake Tapper's Enormous Honker. If I could see that big sneering nose and hear it honking like a flock of Canadian geese again, I'd just be ever so happy.

Speaking of failed network CNN: David Ellison has been looking to buy Warner Bros. Discovery, and thus CNN, as part of his spending spree to become an absolute media magnate. I don't know why they would even want the debt-plagued WBD. I sure as hell don't know why they'd want CNN.

Paramount made its offer to WBD, and the offer was refused. They're now preparing a bigger offer.

Paramount Skydance (NASDAQ:PSKY) is preparing a second bid for Warner Bros. Discovery after its initial bid was rejected, according to a Los Angeles Times report on Sunday, which cited a person familiar with the matter. Warner Bros. Discovery shares rose 3.6%.

Billionaire Oracle Chairman Larry Ellison has agreed to help finance an offer from Paramount Skydance, which is run by his son David Ellison, according to the report.

The update comes after Bloomberg reported on Sunday that Warner Bros. Discovery (NASDAQ:WBD) initially rejected Paramount Skydance's (NASDAQ:PSKY) bid for roughly $20 a share in recent weeks.

Warner Bros. Discovery CEO David Zaslav is said to want upwards of $30 a share in a deal, according to a NYPost report on Monday.

I just don't know why you'd want another movie studio when you already own two (Paramount and Skydance). Warner Bros. is on a winning streak this year with a bunch of hits, but so what? The movie business is entirely hit-and-miss and cyclical.

posted by Ace at 01:15 PM

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