One Wall Street executive said the firm was also planning cutbacks in its trading operations and in research, but his assertion could not be confirmed yesterday.

On 5 June 2001, ITV planned cutbacks for dramas such as London's Burning, Heartbeat and Peak Practice to make room for new commissions.

NBC is planning cutbacks in its news operations that would mean scaling back some bureaus in the United States and cutting the number of jobs, network officials said yesterday.

But an informal survey taken since the stock collapse showed that only a few companies planned cutbacks in operational budgets and capital spending, he told a news conference.

Ford, suffering from problems related to rollovers of Explorer vehicles, which it attributes to faulty Firestone tires, already planned cutbacks.

The anticipated layoffs make the Times Company the second major old-media concern in four days to plan serious cutbacks among new media employees.

Each is planning or considering fare increases and cutbacks in service to help offset swelling budget deficits.

But those in the field say that while the large institutions plan cutbacks, the smaller arts groups face the prospect of going under.

LEAD: Wang Laboratories Inc. has trimmed 880 people from its worldwide work force in the last three months and is planning further cutbacks, a company spokesman said.

As a result, the CBS executive said, the network was planning further cutbacks at the news division, which Mr. Burke was said to have found intolerable.