Last Updated Nov 10, 2008 9:24 PM EST
According to these sources, the company's top-level execs spent the weekend discussing which staffers to lay off. Apparently, there is tension between the northern office, which houses both the senior management group and the post-production staff, and the southern-based studio and ad sales units.
(So what else is new? Every media organization I've ever worked in has had tension between its SF and the LA bureaus. This is California, after all.)
As part of the impending transition at CurrentTV, one source says the company is going to drop its shorter UGC videos in favor of the more traditional 30 minute programs that have long dominated television programming across all channels.
First of all, given how fresh these rumors are, I cannot yet analyze what they may mean in the larger sense of the evolving balance inside media between UGC and professional journalism. Secondly, if what I am reporting turns out to NOT be true, I will return to this topic tomorrow.
On the other hand, if we are right, please remember that you read it first here at Bnet!