Local TV Stations Agree to Share - NBC Chicago

Local TV Stations Agree to Share

Video sharing considered "smarter way of using ... news dollars"



    Groupon Records a 3Q Loss
    Pooling video is said to be a money-saving and "smart" thing for local stations to do.

    In a move to keep up with a rapidly changing industry, four Chicago television stations -- including NBC5 -- have announced they will be sharing newsgathering resources at general news events, The Chicago Tribune's media critic Phil Rosenthal reported Monday. 

    The announcement was made simultaeously in the newsrooms at Chicago's NBC-owned WMAQ-Ch. 5, Fox-owned WFLD-Ch. 32, CBS-owned WBBM-Ch. 2 and WGN-Ch. 9 Monday morning.

    The local news service is modeled after an independently-run video-sharing cooperative launched last year in Philadelphia by the Fox-owned station and NBC-owned station there, the Trib reported.

    “Times are changing,” NBC Local Media President John Wallace said last fall.

    He said NBC and Fox "started having these conversations a year ago, before the economy was as grim as it is today, but we both recognized there were smarter ways of using our news dollars to grow our news product."

    Stations could be sharing raw video through the arrangement by the end of the month.