Posts Tagged ‘Maureen Dowd’

NBC late night debacle all Zucker’s

Jay Leno

Jay Leno

In show-business, since when does going with the bean-counters ever work out?

If we listened to the bean-counters, there would have been no green-lights for Titanic, or Lord of the Rings, or Avitar. The bean-counters have given us 500 stations with Ryan Seacrest and only two television news teams in Erie.

Yet it was solely a bottom-line decision to take number-one rated Jay Leno off of The Tonight Show, and give him a prime-time strip, so that GE wouldn’t have to fork over $3M an episode for an hour long drama like ER.

Who was watching, and now squandering the “Bottom Line”? None other than NBC Universal CEO Jeff Zucker. The one-time wonder-kid of The Today Show proved that he was toxic to NBC’s once-revered prime time. I almost never agree with Maureen Dowd, but she got it right in her scathing NY Times editorial earlier in the week. It’s time for Zucker to go.

Conan O'Brien

Conan O'Brien

I doubt that its going to happen, as the network wagons circle around Jeff and Jay leaving Conan O’Brien as the odd man out, and it looks like to Fox.

It’s gotten so nasty at 30 Rock to the point that Dick Ebersol totally called out Conan in yesterday’s NY Times, saying that he was unwilling to change his shtick for 11:35, and skewed too young for the marquee placement of The Tonight Show. That O’Brien is consistently second to The Late Show with David Letterman is definitely a problem, and now it seems the network just wants to do a System Restore back to May 2009, except with Jimmy Fallon on Late Night.

All of this drama is fascinating to watch from the media observer perspective, but I gotta think that average Joe is plain disgusted and screaming at their HD sets “I told ya so!”

Philly papers go bankrupt, S.F. Chronicle could close

UPDATED: Commenter Danny Lucas alerts P&T to the announcement Thursday of the shuttering of the 150-year-old Rocky Mountain News in Denver. The Friday, Feb. 27th issue will be its last, as parent Scripps cited millions of dollars in losses, including a $16 million in 2008. The demise of “the Rocky” leaves Denver with just one daily, the Post.

The Philadelphia InquirerOver the weekend the company that owns the Philadelphia Inquirer and the Philadelphia Daily News entered Chapter 11 bankruptcy protection. The papers in Philly are looking at a 30% decline in revenues this year while they are trying to renegotiate on $390 million in debt.

Meanwhile, it was reported Wednesday that San Francisco could lose the Chronicle should the Hearst Corp. close up shop. They are reeling from a $50 million loss in S.F. last year, and hope to get buyouts from a large number of their 1,500 employees.

So the bad news in the newspaper business keeps coming. This era of economic tsunami has hurt all media, and the decline of the newspaper business model has been in effect long before now. However, it seems like there are some papers taking it more on the chin than others. The common thread among the major metro dailies who are really suffering is their financing via LBO: Leveraged Buy Out.
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