An eye-opening figure from Howard Kurtz’s column this morning: “The financial stakes are considerable. ABC, CBS and NBC have given up as much as $40 million in advertising revenue to carry this year’s East Room events. “We lose more than $3 million a show,” Moonves told Mediaweek. The Fox broadcast network has declined to carry the last two Obama sessions.”
Fascinating that the President denies networks revenue, and advertisers their audience, in order to discuss how he’s going to stimulate the economy.