Less than a month after the final episode of “American Idol” aired, the company behind the show, Core Media Group, filed for Chapter 11 bankruptcy protection, on April 28.
Core Media, which also produced the show “So You Think You Can Dance” and has managed careers of various “American Idol” winners and finalists, said it has not yet found a way to replace revenue earned from “American Idol,” according to CNN Money.
The talent show was once a high-rating, money-reeling machine, with 20 million viewers every season from 2003 through 2011, according to ratings tracker Nielsen. “American Idol” began in 2002 and was the top rated show on TV for eight seasons.
