'Studio 60' Cancellation Imminent at NBC

"Two weeks ago, NBC/Universal laid off 750 employees and announced plans to consolidate some of the resources of their news division. Television CEO Jeff Zucker even had the bright idea to sell this restructuring to the media as something called "NBC 2.0" - downsizing branded as futurism. This didn't do much to cover up the embarrassing truth: NBC is failing because somebody had the stupid idea that they should be chasing ratings with quality."

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