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Buyouts and Layoffs Hit KNBC

A lot of experience will be walking out the door at KNBC in LA.

Longtime main Anchor Chuck Henry is taking a station-offered buyout and will be gone before the end of the year.

That is a big loss for the NBC O&O, but it doesn’t stop there. Veteran reporters Beverly White, Vikki Vargas, Kim Baldonado, and Angie Crouch have accepted buyouts as well.

The LA Times writes that company-wide, NBCUniversal has been offering incentives to encourage some longtime staff members to exit amid a dramatic round of cost-cutting. Television companies industrywide have been bracing for a lean 2023 because of an advertising downturn, fears of a possible recession and rising programming costs, including increases in sports rights fees.

Earlier this Fall, KNBC management told staff members that it hoped enough volunteers would accept the buyouts to reduce the number of layoffs at KNBC and its sister Telemundo station, KVEA, according to three people familiar with the situation but not authorized to speak publicly.

Despite the five prominent broadcasters volunteering for early retirement last month, it wasn’t enough to spare the station from the layoffs, the sources said.

On Wednesday, several executives and staff members learned they were part of the layoffs, according to the sources.

Stay tuned…

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