The restructuring of the TV and streaming business of Comcast's NBCUniversal featured prominently on the company's third-quarter earnings conference call on Thursday. "In essence, we have done away with the concept of creating a piece of work for a specific network," Comcast chairman and CEO Brian R0berts said.
NBCU recently rejigged and streamlined key parts of its operations to cut costs and update structures for the digital age. A recently launched TV and Streaming unit, which combined those businesses under Mark Lazarus, was part of a restructuring designed to shift resources and investment from linear to streaming, but also causing job cuts.
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