News Budgets Busted By Cost Of Covering Disasters(TheWrap)

From Japan to Libya, disasters and political upheaval 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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