TV channel to save $26 million
STOCKHOLM — Facing a loss of 400 million kroner ($70 million) in 2009, Norwegian TV channel TV2 is pinkslipping 130 of its 800 staffers to save $26 million.
Several popular news and youth programs have also been axed. The loss is due to the weakening advertising market. “It is impossible to save this much money without having an effect on the programming,” said TV2 CEO Alf Hildrum.