The Conan O'Brien-Jay Leno-NBC fiasco galvanized the nation in the early part of 2010 -- or at least that part of the nation that wasn't already preoccupied with the ever-expanding parade of Tiger Woods strumpets. Less than a week after NBC announced the decision that would soon be the objection of much derision, 5 Dumbest weighed in with our take on what would prove to be a heinous corporate misstep.
Originally published on Jan. 15 -- Remember the 1980 Olympic hockey game when announcer Al Michaels famously asked, "Do you believe in miracles?"Well, when it comes to NBC, we don't -- especially when it comes to the network's late night schedule. After months of lackluster ratings and affiliate grumbling, NBC revealed last weekend its intention to reschedule The Jay Leno Show once the Winter Olympics begins next month. The plan is for Leno to leave his 10:00 p.m. time slot and return to his former home at 11:35 p.m. once the Olympic torch is lit on Feb. 12, according to NBC Universal Television Entertainment Chairman Jeff Gaspin. Under the new arrangement, Conan O'Brien would retain his job with Tonight but at the later hour of 12:05 a.m., while Jimmy Fallon's Late Night show would be pushed back a half-hour later to 1:05 am. > > Bull or Bear? Vote in Our Poll NBC debuted the The Jay Leno Show, an hour-long, prime time show with a similar format to The Tonight Show in September. The show was primarily developed as a means to keep Leno from leaving the network. For his part, O'Brien said Tuesday he won't go gently into a later Tonight show. The funnyman, who is suffering from his own ratings inertia, put out a statement on Tuesday (snarkily addressed to the "People of Earth") saying he would fight the move because "The Tonight Show at 12:05 simply isn't the Tonight Show." He also added that he is not speaking to other networks, despite swirling rumors in the media about News Corp.'s (NWS) Fox network being an aggressive suitor. You know who must find this hilarious? Comcast (CMCSA). The cable company purchased majority control over NBC Universal from GE (GE) in December, just in time to learn that owning the tubes piping programming into people's homes is a snap compared to dealing with talent that fills them. And it's not like the Olympic flame will ignite profits either. NBC Sports chief Dick Ebersol said this week it expects to lose money televising the Winter Olympics from Vancouver next month, due to slow ad sales and the stiff rights fee NBC paid to broadcast the games. "My goal is to keep Jay, Conan and Jimmy as our late-night lineup," said NBC's Gaspin. That's what he calls going for the gold? To us it looks like NBC is simply stacking the podium with bronze medalists. TheStreet Says: Somebody tell Arsenio Hall to start warming up in the bullpen. It's comeback time.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV