American Idol Expected to Lose Money

A show that was once the most successful show on television is expected to lose money this season.

American Idol, which has been floundering since the replacement of the original cast, is running on fumes. Viewership is down 26% and Idol is bleeding money, according to multiple sources connected to the show.

Some of the big losses might be due to the huge salaries two of the shows stars demand. Both Jennifer Lopez and Ryan Seacrest get upwards of $15 million salaries. On top of that, the show spends around $7 million a year on new sets.

Despite all that, Fox reportedly has no intention of canceling the show, especially considering the X Factor was recently canceled and they are already dealing with some holes in their prime time schedule. Viewers can expect to see American Idol around for at least another season.