By Ronald Grover May 13 (Bloomberg Businessweek) -- Kevin Reilly, Fox Broadcasting's entertainment president, is racing to find new shows. His worry is that the network's buoyant ratings could sink once Simon Cowell, the caustic talent judge and star of American Idol, leaves the successful singing competition this month after nine seasons. The Fox programming chief wants to remake a network that has relied on Idol, hour-long dramas, and cartoon comedies to lead in the crucial 18-to-49-year-old viewer category for almost six years. In addition to Cowell's exit from Idol, TV's most watched show, Fox is losing Kiefer Sutherland and his popular thriller, 24. The network needs fresh fare, especially because 18-to-49 ratings for both Idol and a medical drama, House, are slumping. Reilly, 47, insists he welcomes the challenge. "It's a high-class problem to have," he says. "The shows are still very
Goldman Sachs Group Inc. and Macquarie Group Ltd. sold a $200 million loan backing Apollo Global Management LLC’s 2011 buyout of CKX Inc., the owner of the television show “American Idol”, at the steepest discount on record.