The moves come as more and more viewers and advertisers gravitate toward new media, NBC Universal Chairman Bob Wright told the newspaper. He said the moves would restore the company to double-digit growth next year.

"As we reprioritize ourselves toward digital, we've got to be as efficient in our current businesses as possible," said Wright, who was expected to make an official announcement Friday.

So, one of the major purveyors of the goom-and-doom that leads to economic hypochondria, and thus hates the "Bush tax cuts" (which have--not ironically--led to significantly increased tax revenue), now is saying that by spending less, they'll make more.

Things that would make a less intelligent person go "hmmm..."