General Manager and Co-founder Cory Bergman and the staff of about 20 journalists, editors, developers and designers - based in Seattle, LA, Chicago, New York and London - will remain with NBC until late January. "We have therefore made the hard decision to close its operations so that we can re-invest that funding into NBC News’ core digital products to help us achieve our ambitious goals for those businesses."īreaking News will cease operations by the end of this December, he said. "Unfortunately, despite its consumer appeal, Breaking News has not been able to generate enough revenue to sustain itself," Ascheim said in the letter supplied by NBC News. The decision, as it often does in the media business, came down to revenue. Nick Ascheim, the senior vice president of digital for NBC News, told the Breaking News staff in a letter Thursday about "the difficult decision" to close down the enterprise, which included apps, a web site and Twitter feed with 9.4 million followers. NBC is shutting down Breaking News, the online service and its popular mobile apps, at the end of the year.
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