Comcast Corp. is looking to cut as much as $1 billion from the budget of the TV networks in its entertainment division, NBCUniversal, money it can use to boost other parts of the business, according to people familiar with the company’s plans.
NBCUniversal Chief Executive Officer Jeff Shell has asked his top deputies to find savings at its legacy cable and broadcast TV networks, said the people, who asked not to be identified because the plans haven’t been finalized. Executives have explored many ways of cutting costs -- including layoffs, trimming budgets for the development of new programs and changing ...
