NBC and Microsoft expect to spend $200 million over the next five years to fund development of a complementary cable and Internet-based news service. NBC will convert its America's Talking cable network to MSNBC Cable within the next six months. MSNBC will likely be one of several challengers to the news juggernaut of CNN; Capital Cities/ABC and News Corp. also have expressed interest in the genre.
Mr. Harrington, who starts his new job on Jan. 29, reports to NBC News President Andrew Lack. No replacement has yet been named at CBS, although Gayle Close, director of new media, likely will assume some of Mr. Harrington's duties in the near term.