NBCUniversal to shut down LX in mid 2023
What's the story
NBCUniversal is set to shut down operations of its three-year-old network LX. The network was launched with the mindset to present stories with more panache and sass. Although, NBCU officials have not commented on the same, but people close to the development spoke to Deadline. This decision comes during the ongoing economic crisis which resulted in staff reductions.
Layoff
40 direct employees to get jobs in NBCU
As per Deadline, 40 employees of LX are being considered for new positions at NBCU. There have been scattered layoffs in the Comcast-owned company. The exact date and timing of the shutting down is not yet revealed but it will happen in mid 2023. LX had its focus on the Gen X and Gen Y people and the stories produced attracted them.
Twitter Post
Twitter Post
EXCLUSIVE: NBCUniversal is winding down LX, a 3-year-old network with the stated mission of delivering viewers “the stories you need with more sass and less suits” https://t.co/AtS0V0qmGJ
— Deadline Hollywood (@DEADLINE) May 4, 2023