The Times has a longish article on the fall of NBC in the Sunday paper:
http://www.nytimes.com/2010/01/17/business/media/17nbc.html?
I paste a few passages at the end.

Basically, they (NBC, not its corporate parent) went from generating more
than 1 Billion dollars of profit less than a decade ago to losing 100
million this year (that's from the Olympics, as if that doesn't count. Last
year they made a couple of million).

Zucker has survived (so far, he may not last far into the Comcast era)
because he has made money with the cable operations. This seems to be why he
hasn't cared much about developing programs for the broadcast network, and
why he was so happy to piss away almost a third of its time slots. This is a
guy who was put in charge of the Louvre and figured he could make more money
turning the paintings around to sell advertising space on the backs, and
rent out the halls for flea markets. Even old Fred Silverman blasts him for
turning his back on the basics of running a network - which is developing
popular programs.

Zuck appears to think he is a stand up guy because he takes the blame for
the 10:00 Leno Experiment (finally admitting that it was a failure without
repeating his mantra "it performed exactly as we expected it would"). Since
everybody knows this, it does not count for much. More revealing is how he
throws Gaspin under the bus for the Conan at 12:05 idea. Nicely, Gaspin gets
some revenge (perhaps unintentionally) by giving the NYT a quote that: “I’m
not trying to reinvent right now, I’m really going back to basics.” -
meaning he is going back to developing pilots, even though The Zucker had
earlier exclaimed, with some pride, that the reason he gets blamed for
everything is that he has the balls to try new things and take chances.

The parallels to the Katiecast are so strong that I conclude it is not a
coincidence, and reflects Zuckers influence on her. When she went to CBS
News and made a big deal about reinventing the Evening News because it was a
dead or dying format, and then fell flat on her face, she went through a
period of blaming the masses for not being able to handle her cutting
edginess and new freshness (and her extra X chromosome). Then she dropped
all the new fangled stuff and went back to doing an evening news broadcast,
and things got a lot better. I expect Gaspin to go back to developing
programs, doing okay, and that things will actually get better at NBC in 2
or 3 years.



**********
"By the time G.E. finally decided to wash its hands of NBC late last year,
the network ranked low on the list of those parts of the company most
valuable to Comcast, which will swallow the network mainly so it can acquire
the company’s money-making cable channels, like USA, Bravo, Syfy.

Indeed, even though NBC’s news division remains highly profitable, the
network’s overall finances are crumbling — less than a decade ago, according
to Bob Wright, the former chief executive of NBC Universal, the network
generated over $1 billion in profit for its parent, G.E.

This year, mainly because of high costs associated with broadcasting next
month’s Winter Olympics, the network is expected to lose more than $100
million, according to a person briefed on the network’s finances who
insisted on anonymity. The company does not break out financial figures for
the network. (In 2009, the network made a few hundred million dollars, and
represented about 10 percent of NBC Universal’s operating profit.)

All of the networks are dealing with economic pressures, but NBC’s
competitors have proved more deft at managing the challenges and creating
hits, even as their profits have declined. (SNIP)

“At the end of the day Jay at 10 o’clock didn’t work,” Mr. Zucker said, “and
I take responsibility for that.”

Mr. Zucker said that it was during a phone call in the first week of January
from Jeff Gaspin, NBC Universal’s head of entertainment, that he learned
that the network’s affiliates were threatening to pre-empt the Leno show.
“It was becoming tough to deal with,” Mr. Zucker said. “The pressure from
the affiliate body was strong.”

Mr. Gaspin’s idea was to move Mr. O’Brien’s show to 12:05 a.m., and give Mr.
Leno a half-hour show at 11:35 p.m. “That’s what he wanted to do, and I
said, O.K., give it a shot,” Mr. Zucker said. The shot exploded in their
faces.

“At the end of the day Jay at 10 o’clock didn’t work,” Mr. Zucker said, “and
I take responsibility for that.” (SNIP)

Mr. [Jeff] Gaspin’s idea was to move Mr. O’Brien’s show to 12:05 a.m., and
give Mr. Leno a half-hour show at 11:35 p.m. “That’s what he wanted to do,
and I said, O.K., give it a shot,” Mr. Zucker said. The shot exploded in
their faces.

In prime time, the story of the last decade has been NBC’s inability to
create any big hits to replace those of its late-1990s glory years —
especially “Seinfeld,” “Friends” and “E.R.” This period has coincided with
the rise of Mr. Zucker, who in 2000 was promoted from executive producer of
“Today” to entertainment chief for the entire network. Some of its recent
shows, like “The Office” and “30 Rock,” are critical successes but garner
only relatively small audiences.

NBC’s prime-time schedule started to slip before Mr. Zucker took over, Mr.
Silverman noted. “But what could have fixed it was not a lot of tricks,”
said Mr. Silverman, mentioning some of Mr. Zucker’s moves, like expanding
“Friends” to about 40 minutes. “What could have reduced the downward trend
was a couple of hit shows.”

NBC’s financial and ratings slide has been overshadowed by the corporate
universe in which it resides: the profit-generating capacity of its sister
cable channels has allowed Mr. Zucker to claim success even as the network
has floundered. (SNIP)

“I think part of why there’s been such a visceral reaction to this is we’ve
talked about change and taking risks, and that’s something I’ve always been
associated with,” Mr. Zucker said. “And not being afraid to take chances.”
(SNIP)

To fix the prime-time woes, NBC, under Mr. Gaspin, plans to spend more on
development. It has deals with producers like J. J. Abrams, Jerry
Bruckheimer and Brian Grazer. It made 11 pilots last year and plans to
increase that number to 20 this year. “I’m not trying to reinvent right
now,” Mr. Gaspin said. “I’m really going back to basics.”
-- 
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