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This was followed by the realization that the newsgathering business is going through irreversible changes in the digital age. Third, he said innovations in technology offered "not a just a challenge but an opportunity" to do more with fewer people and "get to stories you couldn't get to with a traditional crew." "I would not be pursuing this if I thought we would be compromising the news," Westin said. At the same time, he acknowledged that the transformation would be painful for many. "I'm very mindful of the men and women who will be leaving us, voluntarily or otherwise, particularly in this job market," he said. The drastic moves and cutbacks, which were not unexpected, echo those two years ago at NBC News, which also saved money by closing facilities in New Jersey and bringing CNBC and MSNBC staff to work at the company's Rockefeller Center headquarters. CBS News is currently going through a round of layoffs. Unlike NBC, neither CBS nor ABC have the advantage of a cable-news network to bring in additional revenue and amortize expenses. ABC, a unit of The Walt Disney Co., is further hobbled by the fact that its news division's flagship morning and evening newscasts remain in second place in the ratings behind NBC.
[Associated
Press;
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