The short answer is Lester Holt has been making too much money and NBC like other networks, are making massive cuts. Lester will stay with NBC News in another role.

MSNBC and CNN have been slashing salaries. Joy Reid has been dismissed from MSNBC.

ABC has been demanding The View clean up its act by becoming more to the center.

Ratings and revenue have been dropping at some networks. CBS News is in free-fall. The average age of viewers is over 65. Advertisers tend to shun older viewers, but this is another discussion.

Those who read the reliable broadcasting trades already know this.