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The Young and the Restless

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Posted By:

Aidan

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Posted On:

Aug 5th, 2009, 8:26 pm

Source:

soapcentral

Category:

Status Update

Language:

English

Subject:

• CBS renews 'The Young and the Restless'

Fans of The Young and the Restless do not have to worry about their favorite show going off the air. The top-rated CBS soap was recently given a two-year renewal. The new contract does, however, come with some bad news: more budget cuts are presumably on the way.

Executives recently met with the cast and crew of The Young and the Restless to discuss the show's future. The town hall meeting was designed as a way for everyone involved to learn what lies ahead for the top-rated daytime drama series.

The Young and the Restless was recently given a two-year renewal by CBS, but with that renewal came a new sense of urgency for the show to cut its operating budget. It should come as no surprise to anyone that a soap has been asked to tighten its purse strings, but there has been a belief in some circles that The Young and the Restless was immune to the type of budget cuts that have hit other soaps.

However, Sony Pictures Television President, Steve Mosko, met with the cast and crew to explain that the show's new contract cuts the licensing fee. The reduced fee will result in reduced salaries and, perhaps, some job loss. In the wake of two highly publicized contract negotiations, show sources say that Mosko was hoping that his appearance would help prevent further uprising.

• Read More ... (soapcentral)

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