NEW YORK (AP) -- NBC News and Nippon Television Networ agreed recently on a joint newsgathering venture, the third agreement this year between a U.S. network news division and a Japanese broadcaster.
NBC News will have exclusive U.S. rights to all Japanese and international news material of NTV, NBC said.
In return, NTV, with which NBC has had a working relationship for almost 40 years, will get exclusive rights to news material from the NBC News Channel, the 24-hour affiliates' news service that NBC will start on New Year's Day.
The Japanese network will be the News Channel's first overseas affiliate, NBC said.
The agreement comes at a time when NBC, CBS and ABC's news divisions are trying to reduce costs of their overseas news operations.