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Monday, May 19
Budget Crunch for NewsHour
The NewsHour is beginning to feel the effects of last year's pullout of sponsor Archer Daniels Midland. The NYTimes reports the sponsorship provided anywhere from $4-$7 million of the program's annual budget, "which varies from $26 million to $28 million." Since May 1: • Salaries have been frozen. And beyond the financial concerns, the NewsHour is also facing a succession issue. Lehrer turns 74 today. Execs on the show acknowledge that a plan has been discussed, but they would not get into details with the Times. "I've always said, 'I'll do this until one of two things happens: it's not fun any more or I start drooling on the air,'" Lehrer said. "As we speak, neither is happening." Email This Post |
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