A tipster passes this along from the pay NewsBlues site. "NEXSTAR CUTBACKS: Nexstar Broadcasting Group, a publicly traded company that controls 47 TV stations nationwide, is the latest broadcast group to order system-wide budget cuts and layoffs. Tipsters report the elimination of overtime and part-timers and a 10% across-the-board cutback at WJET-24-ABC in Erie (Market #142) and other Nexstar outlets. Most of Nexstar's stations were acquired through the acquisition of Quorum Broadcasting in 2003. And many of these stations are licensed under the Mission Broadcasting brand, operated under Local Service Agreements with Nexstar to get around comply with current FCC ownership rules."
