On Mon, Aug 27, 2012 at 1:08 PM, PGage <[email protected]> wrote:
> http://www.latimes.com/entertainment/tv/showtracker/la-et-st-tonight-show-troubles-20120827,0,2980008.story
>
> Surprisingly news-less piece, considering the story is in their backyard; it
> seems to be a week old, but but the dateline reads 7:00 am this morning.
> Most interesting tidbit that I had not seen before is that Leno offered to
> work for free to save more jobs, but NBC refused because it did not like the
> precedent it would set.

I think it's a newsless piece because they can't get anybody with any
authority to tell them anything on or off the record. So they're stuck
trying to parse numbers that are already publicly available and going
to the usual suspects for commentary.

There is a missing piece in this story and it is the meeting between
NBC and Leno to iron out the cuts. If anybody who was present in the
meeting ever talks about it, it will be in the distant future when
it's truly history, when Leno and the current execs are no longer in
the TV business. It had to be an ugly meeting. Leno was being told he
has to continue his show and perform at the same level with fewer
resources. Nobody leaves a meeting like that feeling happy. And the
idea of Leno working for free can't be serious: first he's a WGA
member and no union will allow a member to work without compensation.
It's a precedent they'll take any and all actions to prevent, no
matter what the member's wishes. Second, NBC can't accept the offer
because it puts their value of the Tonight Show host at zero. Assuming
they want to continue with a Tonight Show after Leno they will have to
enter into negotiations with a successor and they need the previous
salary as a starting point.

The story I see between the lines is that the economics of late night
TV are changing much faster than the networks can adapt. I can see CBS
and NBC hanging on to Letterman and Leno even at a slight loss for a
couple of years just to maintain the appearance of continuity. I don't
think either wants to walk away knowing the loss of jobs of people
they have worked closely over the years. I don't know what will happen
at the next contract negotiations for either if what is now breaking
even/slight profit/slight loss turns into steep losses.

-- 
TV or Not TV .... The Smartest (TV) People!
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