NEW YORK — King World has renewed “Wheel of Fortune” and “Jeopardy” in 50% of the country for two more years, through the 2009-10 season.
CEO Roger King declined to discuss dollar figures, but Wall Street estimates say that each show funnels upward of $70 million a year in profits to King World, the distributor, and Sony Pictures TV, the producer. The coin comes from two sources: license fees paid by TV stations and advertising revenues from the three 30-second spots that KW holds back in each run.
The five biggest ABC-owned TV stations have renewed “Wheel” and “Jeopardy”: WABC New York, KABC Los Angeles, WLS Chicago, WPVI Philadelphia and KGO San Francisco.
Other TV stations that have renewed the two gamers include WSBK Boston, KTVT Dallas and WDIV Detroit.