Sqawk Box
Top TV Stories of 2008: The economy's effect on the TV industry
Um, I don't know if anyone has told you yet, but the economy of the United States, and the world, is in the crapper. Seriously, I saw it one day while doing my business. It was just floating there ... one step away from being flushed into the world of depression. I had to get it out with a piece of toilet paper, and it's now drying on my bathtub ledge. Gosh, I hope it's okay.
Anyhoo, things are bad out there. And, not just for us working peons. This recession is affecting everyone, from the muckity-muck CEOs of the soon-to-be bankrupt corporations, to the hot dog vendor outside of Penn Station whose wieners are spending longer and longer amounts of time in their hot water bath. Somewhere in the middle of this are the television networks. Buffeted by both good and bad news, these former stalwarts of the economy are getting knocked around, as well. The meaning, for us poor schlubs, is a restructuring of television as we know it.
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