The announcement of the new streaming service comes after the network shared that it would cease airing live programming on the HBO Max streaming platform.
"Previously available only on iHeartMedia-owned stations, the BIN format will now be accessible to any station looking to deliver credible, community-centered news programming"
In a meeting with staffers on Tuesday morning, NBC News Executive Vice President of Editorial Catherine Kim said that it would "be a difficult day for a lot of us" as the cuts were enacted.