internal memo

According to an internal memo, it looks like some belt tightening has hit the costuming department at some of ABC’s biggest primetime shows.

NBC Universal chairman tells staffers in internal memo that the company will cut spending by $500 million next year, 3% of the company's budget.

Alan Schwartz, the Bear Stearns chief executive who was forced to sell the investment bank to JPMorgan Chase & Co., will leave the banking company at the end of the summer, according to an internal memo obtained by The Associated Press on Thursday.

Developer M. David Paul/Worthe Real Estate Group purchased NBC Universal’s 34-acre Burbank, Calif., lot, according to an April 24 internal memo acquired by B&C.

According to the memo, many of the moves of NBCU divisions “will not be happening before 2011 at the earliest, with the exception of The Tonight Show with Conan O'Brien, which will move to Universal Stage One in 2009.”