The Microsoft corporation—which at one time had both a news television channel and a leading online newsmagazine—is ready to divorce NBC News and depart MSNBC, RAW STORY has learned.
MSNBC is said to roughly break even; it has never been terribly profitable. Microsoft quit its online 'zine, Slate, in December, selling the venerable but also underperforming site to the Washington Post Company.
The cable news and Internet venture between Microsoft Corp. and the NBC network, didn't achive profitability until the second quarter of 2001. It was launched in July 1996, shortly after Fox News Channel, which far exceeded profitability expectations, and left MSNBC a distant third to Fox and CNN.
The irreverent Drudge Report asserts that the channel's revised name will be the NBC News Channel.
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