FOX TV Ask Producers to Reduce Their Annual Budgets

Sure, the ratings sucked and it proved to be horrible Emmy bait, but this is probably the real reason why Idol Gives Back was canceled this year:

News Corp.’s (NWS) 20th Century Fox TV studio confirmed it’s trimming production budgets as fallout from the global financial crisis and economic downturn spreads through the entertainment industry. Fox spokesman

Chris Alexander said the studio has asked its showrunners for prime-time hits like “24” and “Family Guy” to reduce their annual budgets by 2%. That follows similar cost-cutting measures by other media giants like CBS Corp. (CBS) and NBC Universal, which is owned by General Electric Corp. (GE).
“This is unlikely to result in any job reductions,” Alexander said. “Simply reductions in expenditures across all aspects of the production, or in specific areas, however our showrunners see fit. Everyone understands that revenues are down and these steps are necessary to protect our business.”

It could be worse.   At least the entire series wasn’t canceled.   RIP Canadian Idol… (until next year…maybe)

  • SashaB

    Newscorp and Rupert Murdoch are suffering a beatdown right now. So this isn’t surprising. Thanks MJ. It’s sad how all aspects of our lives are being affected and hit by the economic downturn. Final crisis FTL.

  • cookcricket

    It could be worse. At least the entire series wasnà ¢Ã¢â€š ¬Ã¢â€ž ¢t canceled. RIP Canadian Idolà ¢Ã¢â€š ¬ ¦

    So you don’t think CI is just taking a 1 yr. sabatical? Thanks to you I really enjoyed watching some of this, this yr. Just wondering what your thoughts are on this…

  • http://www.dancin.ca dancin

    i think CI is just taking a sabatical like other “idol” countries have done and come back

    *hopin anyway as I am canadian lol*

  • http://myspace.com/girlgeek mj

    i think CI is just taking a sabatical like other à ¢Ã¢â€š ¬Ã…“idolà ¢Ã¢â€š ¬  countries have done and come back

    I didn’t mean it like that. The entire year was canceled, not just one episode. I don’t know if it will come back.