Harris Trims Broadcast Comms Division

Publish date:

Harris Trims Broadcast Comms Division

Feb 5, 2007 3:40 PM

Melbourne, FL - Feb 5, 2007 - According to an article on Floriday Today's website, Harris is cutting costs in its Broadcast Communications Division because of a weak performance in its radio and TV transmitter business. The newspaper's article says "Harris plans to incur $5 million worth of 'severance and facility exit costs' in the first half of this year, which will result in cost savings of about $10 million during the company's next fiscal year, which begins July 1.

Harris declined to comment when Radio magazine contacted them.