Falling ratings, expensive chefs add to business crunch
(NEWSER) - The recent cancellation of Emeril Live is just one sign that the Food Network is in the throes of a transformation, reports the New York Times. Having made chefs into stars, it is now trying to keep the money rolling in while facing increased competition—including instructional cooking on the Web. The network's ratings have dipped, especially on the weekend, forcing refunds to advertisers and perhaps a shift in philosophy. More»