NBC restructures TV divisions in bid to beat slump

NBC, currently in last place among major U.S. television networks, said on Monday it is merging two divisions responsible for making TV shows in a bid to cut costs during the economic crunch. NBC said the restructuring would streamline the creative process and create a more viable business model in the fast- changing TV business. Financial details were not disclosed. NBC said it would also further integrate its international production and reorient domestic TV production into a more central hub that could produce shows more efficiently and globally. Network officials declined to give cost savings or detail jobs cut, but said the network had tried to eliminate redundancies as far as possible.