From Japan to Libya, disasters and political upheavel around the globe are wreaking havoc on the already-skeletal budgets of cable and broadcast news organizations.
“We've already had a year's worth of breaking news coverage, and it's not even the end of March,” David Verdi, NBC News VP of worldwide newsgathering, told TheWrap.
News organizations may have already spent their annual budgets for covering foreign events and still have nine months to go, one veteran cable news executive told TheWrap.
"If Saudi Arabia goes up in flames, all bets are off," the executive said.
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