Saturday, August 18, 2012

Classic car market weakens?

Uneasy lies the head that wears the crown of late night comedy;
NBC insiders tell me The Tonight Show went  through ”downsizing” today and that 20 staffers lost their jobs. Others tell me the number is more like 25, and producers were forced to take pay cuts or lose their jobs. I’ve also learned that Jay Leno took what is being described as a “tremendous” pay cut to “save as many people’s jobs as he could”. Leno’s Tonight Show is consistently the #1 late night talk show in both households and demographics, except for some anomalies when Leno does get beaten. And that’s despite the fact Jay Lenothat the network’s primetime ratings have been dismal for many years or that Leno himself was harshly criticized by the media for that January 2010 standoff with Conan O’Brien. Even so, The Tonight Show has been and still is a cash cow for NBC. So what happened to merit the downsizing? “I don’t think ad sales are off. I just think the people who bought this company, Comcast, wants to go through everything at NBC and get their money back,” an NBC insider tells me. 
The Tonight Show is older than Medicare, and not immune to change.  Hmmmm.

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