On Sat, Aug 18, 2012 at 2:44 PM, PGage <[email protected]> wrote:
>
> Probably one reason that even though Leno beats Dave in the ratings, Dave
> beats Leno at the bank. Celebrity Networth estimates that Dave is worth
> $400M, while Leno is worth $150M, despite Leno's major income stream from
> stand-up, which Dave does not have ( see:
> http://www.therichest.org/celebnetworth/celeb/tv-personality/david-letterman-net-worth/
> and
> http://www.therichest.org/celebnetworth/celeb/journalist/jay-leno-net-worth/).

Since they don't state where they got their numbers I put no trust in
them. They have to prove to me they're not making up amounts based on
rumors that come out when contracts are extended.

> Dave is said to make millions still from Raymond reruns, and from the Craig
> show. Dave also co-owns Rahal-Letterman Racing, though I don't know how much
> of a money-making proposition that is. It may be more of a labor of love,
> though Rahal himself presumably is in it to make money, so maybe it is
> profitable.

Unless a sport is going through a massive expansion (like NASCAR in
the nineties) we can assume owners are putting more money into their
teams than they take out as profits. Bobby Rahal owns 15 luxury car
dealerships and likely makes his money there. There could also be some
deal where Rahal draws money from the racing team and it's charged to
expenses rather than coming out of profits.
>
> While late night may not be as profitable as it once was, I think it still
> is a significant profit center for the networks. The most interesting part
> of that Finke article is the point that the cutbacks at Tonight are not a
> result of a downturn in ratings or revenues, but of Cabletown putting the
> squeeze on every part of its operation to suck up as much profit as it can.
> Would be nice to know what is happening to NBC News' budget.

The Comcast squeeze is according to one insider and I'd like to know
his/her agenda before I trust that statement. A lot of times when
ownership changes, veteran executives resent any changes the new
bosses make, no matter what shape the company is in. I'm going to
assume Comcast wants to own NBC for the long term (I have been wrong
before) and they arbitrarily are not going to make moves that hurt the
long term in order to realize short term gains.

-- 
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