December 30, 2025 • 34 mins
Winners and losers of 2025.
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Speaker 1 (00:00):
Hi, I'm Michael, and your morning show is heard on
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grateful you came for the podcast.
Speaker 2 (00:20):
Enjoy two three starting your morning off right, A new
way of talk, a new way of understanding because we're
in this together. This is your morning show with Michael
del Johno.
Speaker 3 (00:39):
And again Michael del Journal has this week off. My
name is Kelly Nash, coming to you from South Carolina.
This will be my final day filling in my final
work day of the year twenty twenty five.
Speaker 4 (00:51):
And I guess if.
Speaker 3 (00:53):
You're up at this time, you're probably at work right
now as well, So thank you for working hard. By
the way, have you heard Taylor Swift gave out tips
to everybody at the Chiefs game who was working on
Christmas Day, handed out hundreds and hundreds of dollars. One
lady said that's what she gave her was six hundred
dollars in tips. Just handed it to hers. That's twice
(01:16):
her weekly salary, she said. And Taylor Swift, you know
she is one of the winners of twenty twenty five.
I guess you know every year at the end of
the year, people will rate who won, who lost, Who
are the big winners, who are the big losers of
the year.
Speaker 4 (01:32):
We'll go through one of those lists coming up a.
Speaker 3 (01:34):
Little bit later on, and it is your morning show,
so of course we'd love for you to participate on
the talkback feature. All you got to do is on
the iHeartRadio app, look for the microphone, press it. It'll
give you a three two one countdown and you've got
about thirty seconds to leave your comments. But yeah, is
you know you look back on twenty twenty five and
(01:55):
we start getting ready for twenty twenty six. Who are
the winners? Who are the losers? I can tell you
last night the Falcons were the winners and the Rams
were the losers. That was a rough loss for Matthew
Stafford and the gang in Atlanta. But you know, the
playoff picture is becoming a little more clear now and
(02:15):
again we've got two big games coming up this weekend.
You got one on Saturday, and then one on Sunday.
Winners in, losers out, so that'll give you something to
look forward to. And of course college football playoffs. This
is the big year for a lot for the expansions,
and a lot going on with the Rose Ball. They're
(02:36):
saying for the first time in over twenty years, it
looks like the Rose Bowl will have rain during the game,
so that could be somewhat historic as well. Let me
tell you that the folks in the Midwest, Wow, did
you get hammered from EZRA?
Speaker 4 (02:54):
Right now?
Speaker 3 (02:55):
They're saying there's over one hundred thousand people still without
power and another twenty thousand have been added to the
list in New York State as it rolled through yesterday.
So powerful storms affecting a lot of travel. Will keep
you up to date on that. But again, if you
are planning on traveling like i am, I'm planning on
(03:15):
traveling later on today, check your check your forecast, check
the roads, check the airlines. There's lots of delays still,
there's lots of cancelations still, so it is kind of
a mess as we wrap up twenty twenty five in
the air and on the highways New Year's Eve, what's
going on with you. Are you going to be watching football?
(03:35):
Are you going to be going to New York? Are
you going to be going to Well, I'll tell you
where you're not going. You're not going to be going
to the Kennedy Center. If you haven't heard this, there's
been a lot of controversy about the board at the
Kennedy Center has renamed itself the Trump Kennedy Center, and
we've had this is the second cancelation. A New Year's
(03:56):
Eve performance was canceled by some jazz supergroup. I don't
know how you get qualified as a supergroup, but it
says the jazz supergroup the Cookers, which had been scheduled
to perform a jazz New Year's Eve concert, has canceled
their shows. And they said, while we totally disagreed with
the takeover by the Trump administration of the Kennedy Center,
(04:19):
we still believed it was important to honor our engagement
out of respect for both Jane Raley and Alicia Adams,
who curated our first rate dance season, as well as
for the dance audiences in DC.
Speaker 4 (04:31):
However, with the latest act.
Speaker 3 (04:34):
Of the renaming of the center after Donald Trump, we
can no longer permit ourselves, nor ask our audience to
step inside this once great institution. I don't understand the
naming of it is somehow diminished it, I guess, And
then they go on. This is the cancelations come after
(04:56):
the musician Chuck Red pulled out of his Christmas Eve
jazz concert and focusing or Christy Lee announced that she
had canceled her concert for mid January, and Christy Lee wrote,
when American history starts getting treated like something you can ban, erase, rename,
or rebrand, I can't stand on that stage and sleep
(05:18):
right at night that.
Speaker 4 (05:22):
You know.
Speaker 3 (05:22):
You hate to pick left right and those types of
things in these types of instances. But you know, to
Christy Lee's point this, you sound very maga, Christy, because
it was Maga that was pushing back on this whole
idea of renaming and rebranding American history, whether it was
(05:43):
the book sixteen nineteen project, or if it was the
taking down of Civil War statues or renaming of military
bases and trying to act as if the Civil War
didn't happen, as if slavery wasn't a part of our history,
as if not only was it part of our history,
but greatness came out of it. That's one of those
(06:06):
things that Americans really should take a lot of pride in,
and we unfortunately put our heads in the sand and
act as if it wasn't a great achievement in American
history to overcome slavery. The Americans did that. Hundreds of
thousands of Americans died to defeat slavery, and we want
(06:29):
to act like we're embarrassed about that and try to
act as if the Civil War didn't happen, and we're
not going to honor some of those people and even
people you know, I'm coming to you from South Carolina.
I'm originally from Connecticut. That's why I'm traveling to today.
So I've seen it on both sides of the North
and the South arguments, and I understand why a lot
(06:51):
of people in the South they're very proud of their
ancestors who fought in the Civil War. And you know,
if you don't want to take the time to learn
their history, don't criticize it then. But if you want
to take it, if you want to actually invest some
time and learn about why people in the South are
proud of what their ancestors were doing at that time,
(07:13):
despite the fact that there was slavery, despite the fact
that they were not perfect as it were. Once you
speak to them, then perhaps if you still have criticisms,
go ahead and let them rip, but come from the
perspective of knowledge and understanding and rather trying to I
mean again, we're trying to unite the country, not divide
(07:33):
the country. That would be a great goal, which is
one of the reasons that we talk so much about
culture and how important it is for people to assimilate
and speaking that assimilation. One of the places where we
have failed miserably is with the Somalians. And we've got
some updates yesterday in Minnesota. We've also got a big
(07:54):
story coming out of California today and tomorrow will delve
into that. So many things to talk about this morning,
and of course your voice is more than welcome. We'd
love to have you on your morning show. Use the
talkback feature on the iHeartRadio app.
Speaker 2 (08:11):
This is your Morning Show with Michael del Chona.
Speaker 3 (08:20):
Thank you for your encouragement yesterday, many of of the
your morning show listeners chiming in over there on social media.
I certainly appreciated that and look forward to more of
your comments today. Either on social media or using the
talkback feature, perhaps you'll have some comments regarding the state
of California.
Speaker 4 (08:39):
Today is, of course December thirtieth.
Speaker 3 (08:41):
This is my final work day of the year, and
maybe moving day for some folks in California. I'll get
into that reason in just a second. But it was
only last week in California that we were hearing stories
like this.
Speaker 5 (09:00):
This latest report was issued by the state auditor, and
that's a non partisan position. Newly added to the high
risk list as California's food stamp program, if the state
doesn't get the improper payments under control, it could cost
an extra two and a half billion dollars. Also on
there is the Department of Finance, which was tasked with
(09:21):
giving out COVID relief funds. Critics say thirty two billion
dollars of that was taken by fraudsters. Then there are
infrastructure issues like California's deteriorating dams, and also the high
speed train that's already cost tax payers eighteen billion without
a single section of track complete.
Speaker 3 (09:39):
Eighteen billion dollars for nothing so far on the train,
the thirty two billion dollars in COVID relief fraud and that,
I mean, it's unbelievable. And if inside that report, again,
this is a nonpartisan agency inside the state of California
auditing the state of California. Like when Gavin Newsom says
(09:59):
we're dose befo, there was dose were you doesn't really
look like it. One of the things that they found
was six thousand cell phones that they're still paying a
monthly bill on that no one's using those cell phones. Now, again,
that's only several million a month that they were paying for.
(10:21):
It's like two point two million or something like that. Again,
that's a small pittance compared to the billions, but it's
just one of the more frustrating examples for California taxpayers
of how their money is just tinkled away.
Speaker 4 (10:36):
So you get that report last week.
Speaker 3 (10:40):
This week, California's got an idea for a new tax.
Speaker 6 (10:44):
The proposal would impose a one time five percent tax
on the assets of California residents worth more than a
billion dollars. It would require residents to report their total network,
including property, investments, businesses, and other assets. Eight can tax
overall wealth, not just incomes.
Speaker 4 (11:04):
Now I'm I'm literally.
Speaker 3 (11:09):
Stunned that this has gotten as far as it's gotten
because the idea of taxing things that you don't have
money for yet it's been proposed, just never really actually
thought it would come to fruition, and it does look
like it's going to come to fruition in California. So
the way it would work is, if on paper you're
(11:31):
worth a billion dollars, you would have to pay five
percent of that to the state of California. Now there's
only about two hundred people in California who are on
paper worth a billion dollars. But again that's just paper,
that's not real money. So for example, if you are
old enough to remember the dot com boom of the
(11:54):
late nineties, so you're going back roughly thirty years ago,
there were people who became quote unquote billionaires based off
websites that they were building. In many instances, they actually
never made a nickel. They lost money every year on
the website. Yet the valuation of the company was over
(12:18):
a billion dollars. So if this was if this had
happened in the nineties, people who owned some of these websites,
they would have had to pay five percent of the
valuation of the company despite not having a nickel. They
didn't have. They didn't have, as some would say, a
pot to tinkle in. They just had a valuation.
Speaker 4 (12:40):
You know. Elon Musk talked.
Speaker 3 (12:42):
If you go back and watch some of his speeches,
he talks a lot about how he didn't have any money,
even though on paper he was worth three, four or
five hundred million dollars at the time he was living
on somebody's couch because he didn't have any actual cash.
Speaker 4 (12:58):
This would have.
Speaker 3 (12:58):
Destroyed Elon Musk early in his career, this valuation concept.
And so it's a dangerous game. And CNBC was reporting
on it yesterday and talking about how it's already having
an effect.
Speaker 7 (13:13):
Jor capitalists Peter Teel and Google co founder Larry Page
are considering leaving the state or cutting reducing their California
ties by the end of the year. That's according to
the New York Times reporting. Others, including investor Chamath Pala Hapatia,
fired back on AX, writing quote, the inevitable outcome will
be an exodus of the state's most talented entrepreneurs, who
can and will choose to build their companies in less
(13:35):
regressive states. Gary Tann, president of the startup incubator Y
Combinator blasted the proposal as a quote unrealized gains tax
that puts founders on the hook for becoming paper billionaires.
Speaker 3 (13:46):
And that's exactly what we're just talking about, where you're
on the hook. And it's one of those things where
like on paper, again, a billion dollar, most of us
will never the vast majority of people on earth will
never be worth paper a billion dollars. But many of
you are worth a million dollars. And you're and you're
(14:06):
you know, I don't want to say you're poor, but
you know, there's plenty of people like from where I'm
from in the northeast Long Island, Connecticut, New Jersey, those
types of places where they bought a house thirty years
ago for say two or three hundred thousand dollars, that
house is now valued at over a million dollars. Now
they're still working as whatever it is that they do,
(14:29):
and they're making one hundred thousand dollars a year, but
their value, their their net worth is one point three
one point four million dollars. They don't have one point
four million dollars. That's just on paper with their worth.
If you were to come in and say you need
you need to give us five percent of the one
(14:50):
point or even just a million dollars. Well, I got
to write you a check for fifty thousand dollars because
I own my house that's in and of course people
would want to leave. Now here's the word It gets
really interesting for California. You need to be out of
the state by tomorrow. If you're one of these people
(15:13):
on paper, that's worth a billion dollars. Because here's the
way they've set it up. They need to get. First off,
they need to get it on the ballot for November.
In order to do that, they need I think it's
eight hundred and seventy five thousand signatures. It's being sponsored
by two unions, So between the two unions they have
already about six hundred thousand signatures.
Speaker 4 (15:33):
So are there two.
Speaker 3 (15:34):
Hundred thousand or more people You could probably find that.
You know, along the Santa Monica Pier, you could find
two hundred thousand people who hate billionaires. So they're going
to get their eight hundred and seventy five thousand signatures.
Speaker 4 (15:45):
That's not the problem. It'll be on the ballot in November.
Speaker 3 (15:48):
Then the question becomes, can we make enough people in California,
demonize the rich, and that's it. That's an easy game
to play. That's how socialism works. It's class warfare. So
once they get that passed, if it passes in November,
it's retroactive to January first of this year. So if
(16:10):
you're living in the state of California and worth a
billion dollars on paper, the State of California's gonna come
and get their money. It is a crazy proposal. What
do you think about it? Let us know about it
on the talkback feature. You just hit that button right
there the microphone on the iHeartRadio app. Let us know
your thoughts. We'd love to talk about that and other things.
Speaker 2 (16:32):
This is Your Morning Show with Michael del Chno.
Speaker 3 (16:42):
Michael del Journal has this week off and hopefully he's
getting himself refreshed and ready for a huge twenty twenty six.
My name's Kelly Nash filling in and the entire Your
Morning Show crew has this week off, and so it's
just me and Adam, and Adam will be going through
your talkback features. If you happen to want to get
(17:03):
in on any of this conversation. As Michael always says,
it is your Morning Show so it's really driven a
lot by you, and we'd love to hear your content. Now,
we're looking at the year twenty twenty five in review
and where there's all these lists that come out and
people rate, you know, the biggest news stories, so on
and so forth. I'm looking at the New York Post
(17:24):
as a story talking about the biggest winners and losers
for the year twenty twenty five, and it's interesting who
they talk about. Some of these things I had forgotten about,
like the Blue Origin crew. Do you remember Blue Origin?
This was Katie Perry, Gail King. It was the group
(17:47):
of women that went into what is it Low Orbit?
Speaker 4 (17:51):
Is that what it was called? And it was a
Jeff Bezos.
Speaker 3 (17:54):
Thing, And the fact that Gail King insisted on calling
it a mission, it would have been a nothing.
Speaker 4 (18:05):
Burger per se.
Speaker 3 (18:06):
I mean, they had their custom made astronaut uniforms, trying
to be form fitting and sexy and all that sort
of stuff, and they really accomplished nothing other than getting
some publicity for themselves and Jeff Bezos, I suppose. But
when they came back and then and she was like,
you know, you're not going to diminish what we've accomplished.
Speaker 4 (18:28):
That made it a loser right there.
Speaker 3 (18:31):
The fact that you wanted to insist on you had
accomplished something, when in reality you did nothing except sit
in a little capsule and go up and back down
in a couple of minutes.
Speaker 4 (18:42):
This was not like you were testing.
Speaker 3 (18:43):
She was comparing herself to these test pilots back in
the fifties and sixties and those types, you know, putting
their lives on the line. Another person that they list
as a loser is Bill Belichick. And Bill Belichick has
had an amazing life, but this was not a good year.
Whether it's just looking at his personal life and how
(19:05):
many people assume that he's being taken advantage of by
his what is she twenty four years old girlfriend?
Speaker 4 (19:16):
Yeah, twenty four year old cheerleader girlfriend, or.
Speaker 3 (19:19):
Just how his first season went as a college football coach.
It was horrific at North Carolina this year. All in all,
a very bad year for Bill Belichick. Some people are
saying Sidney Sweeney could be a loser.
Speaker 4 (19:33):
I think she's a winner.
Speaker 3 (19:34):
To be honest with you, I know she was called
a Nazi for saying that she had good geens that
commercial I was not really familiar with Sidney Sweeney before that,
so she put me at least I'm aware of who
she is now, and I think there's many more people
aware of her and her brand. And it was a
(19:57):
fantastic commercial because I got everybody talking.
Speaker 4 (20:00):
So I'm gonna put her as a winner.
Speaker 3 (20:01):
Maybe you put her as a loser because like she's
you know, as she pointed out, I got called the
Nazi here. Obviously, huge winner would be the Indiana quarterback
Fernando Mendoza, who wins the Heisman Trophy has Indiana ranked
as the number one football team in the country. I mean,
what a success story and what a great guy too.
Every time this man cracks the mic, it's inspiring. He
(20:25):
is the underdog who overcame everything and is probably going
to be the number one draft pick in the NFL
this year. Love that guy, Diddy. Some are saying, didd
he's a winner. Hard for me to put Diddy in
the winner category. Although he did beat the most serious
charges against him he was facing. Was it life in
(20:48):
prison or maybe just many decades. I think he ended
up with like four years in prison. But I mean,
his reputation has been completely destroyed. He will be forever
linked with baby oil. And now you've got that Netflix
documentary out where it is implying that he had something
(21:09):
to do with both Biggie Smalls and Tupax murders. It's
and then there's other things in there as well. I mean,
it's just if you haven't seen that documentary, it's uh,
it's not for the fainted heart.
Speaker 4 (21:22):
I'll tell you that.
Speaker 3 (21:22):
That that that documentary paints a very ugly picture of
a guy who already had a pretty ugly reputation going.
Speaker 4 (21:34):
You know, I guess you got to say socialism was
a big winner this year.
Speaker 3 (21:37):
You got Mom, Donnie, You've got Bernie Sanders and aoc
on there. I'm trying to remember what they called their tour,
but it was like they were just going across the country,
as you know, like the Trump rallies. They were having
their Socialist rallies, and there were I mean, they were
packed stadiums, they were packed arenas. People wanted to hear
(21:59):
what the socialists had to say. And so that is
a sad indication as to our future because up until
about ten fifteen years ago, if you had said you
had anything to do with socialism, you would have been
an outcast. Socialism had been basically reduced to the ash
heap of history. But now it's back, and it's back
(22:21):
in a big way. As more and more Americans struggle,
especially you know, the younger Americans, struggle with this idea
of how can I make it in America?
Speaker 4 (22:30):
How can I buy a house?
Speaker 3 (22:31):
How can I afford a vacation, how can I do
any of the things that my parents or grandparents did?
And you know, as capitalists, there's two things that we
have to do here. One is inspire them to actually
go and go for the brass ring. When you talk
about what did your parents do and grandparents do, you're
(22:55):
thinking about just the most recent crop. But if you
go back to my parents era, the nineteen sixties and seventies,
it was brutal for them to try to buy a house.
And the house that I grew up in was like
twelve hundred square feet. When's the last time you sold
the twelve hundred square foot house? Most of these kids
(23:15):
would turn their nose up at it. They don't want
to live there, They don't want to live in what
would be considered a lower blue collar type of environment.
Those homes are no longer owned well I mean they're
owned by businesses and they're rented out people who are
on the bottom rung of the ladder right now, they're
renting those places, but they're not buying them. But buying
(23:37):
those types of places is how you actually start accumulating assets,
and that's how you can actually build some wealth. Is
you got to get. I don't want to tell you
how to run your finances, but buying some property is
probably a very good idea because it's a leveraged buy
because you're using the bank's money. You're putting down ten percent,
ninety percent comes from them, and then later on when
(23:59):
you go to se it outside of commissions, you're keeping
the money. You're making the profits, and so that's how,
you know, a lot of people got started. But the
sacrifices that you have to make in order to come
up with that ten percent, and then they lowered it,
and a lot of instances people don't have to put
the ten percent down anymore in order to get approved
(24:20):
for a mortgage, or maybe they have in the last
year or two, but you know, for the last you know,
maybe ten or fifteen years, it was definitely a lot
less than ten percent.
Speaker 4 (24:28):
For a lot of people.
Speaker 3 (24:29):
Sometimes sometimes people were buying homes with no money down
not that long ago, which seems absolutely insane, and it
was insane. That's how you got a housing bubble. But yeah, first,
so you got to get the younger people inspired to
do the hard work to recognize that. Like my stepfather
was working eighty five ninety hours a week in order
(24:52):
to buy a little, tiny, crappy house.
Speaker 4 (24:56):
That's what he had to do. And you know how
much many.
Speaker 3 (25:00):
People are working eighty five ninety hours a week right
now that are under the age of thirty. Very few
those that are are probably going to be very successful
at life. And then the other thing is, of course,
the affordability and Donald Trump, I think has got some
great ideas on how to do that. We heard a
little bit about the housing affordability crisis that Donald Trump's
administration is meeting right now to discuss and how to
(25:23):
come up with newer plans to lower the costs on
new homes. I think, you know, I don't think we
need fifty year mortgages.
Speaker 4 (25:32):
Maybe you do. I you know, I'm looking at car
payments right now. Did you know that the.
Speaker 3 (25:36):
The median car payment right now is like seven hundred
and fifty dollars a month.
Speaker 4 (25:41):
That seems a bit egregious.
Speaker 3 (25:43):
Even used cars now are going car payments are over
five hundred dollars a month for the median used car.
That whole idea of a three hundred dollars car payment
that thing died, I guess fifteen twenty years ago.
Speaker 4 (25:55):
But either or.
Speaker 3 (25:59):
Sacrife, vice, dedication to work, those types of things can
pay off big. As Dave Ramsey always says, you want
to live like no one else today, so you can
live like no one else tomorrow. You got to really
sacrifice for a number of years to stockpile some money
so that you can invest that money and get some
big returns. And then once you've done all that, then
(26:20):
you're going to live like no one else in the
sense that you're going to just be enjoying the fruits
of your labor. Back to the winners and losers list,
they've got, Oh, Meghan Markle, how do you have Meghan
Markel on there? But she don't have her husband? It
says Meghan Markle. We love Meghan has totally bombed on
(26:43):
Netflix and she's getting dragged all over social media. I
would think that her husband would have to be considered
a loser as well, because I mean he's he's basically
given up.
Speaker 4 (26:55):
His royal name. It's gone.
Speaker 3 (26:58):
He's no longer a part of the royal family in
order to chase love, and he's come to California where
he's getting taxed to he might be one of those billionaires.
Prince Harry may have to I just thought of that.
He may on paper be a billionaire. Prince Harry and
Megan Markle may have to escape California. Charlie Sheen came
back as a winner this year, clean and sober, and
(27:21):
you know what has been about ten fifteen years since
he went through that crazy period.
Speaker 2 (27:28):
This is your Morning Show with Michael del Chno.
Speaker 3 (27:37):
You know, we went through the list that the New
York Post had put together of winners and losers in
twenty twenty five. One of the things that I didn't
mention that I think, I feel like it's got to
be mentioned massive losers in twenty twenty five late night
talk shows. And I just did a little search here
on the late night talk shows. Of course, it kind
(27:59):
of came to my attention when they canceled Stephen Colbert
and by the way, what kind of a cancelation is
that he's still on the air. So he'll be on
the air I think until what June of this year,
you know, And for them to put up this idea
that Colbert was canceled because of Donald Trump finds him
(28:19):
offensive and the president, you know, the No King's rallies
were born out of that, and he can't just dictate
to us who's on television and blah blah blah. But
according to CBS, he was losing about forty million dollars
a year.
Speaker 4 (28:35):
Well, how is that possible? How is it possible to
lose forty million dollars a year?
Speaker 3 (28:41):
So I did a little bit of of a search here,
and it turns out that every one of the network
shows late night, so it's Jimmy Kimmel Live, the Late Show,
and The Tonight Show, all three started losing money in
the year twenty twenty three. That was the first year
that they went from profitable to loss.
Speaker 4 (29:03):
Now they lost.
Speaker 3 (29:04):
More in twenty twenty four, and the all three of
them lost more in twenty twenty five. But if you
go back to twenty fifteen, so just ten years ago,
the three of them combined, we're making one hundred and
eighty million dollar profit. Twenty sixteen, they dropped it down
to one hundred and forty five million, then the next
(29:26):
year one hundred and twenty eight million, twenty eighteen, one
hundred million. You see, we're in we're in a bad
spiral here, we're going the wrong way. But still twenty eighteen,
one hundred million dollars between three shows profit, that's fantastic.
Twenty nineteen, we're down to eighty, then we're down to sixty,
(29:49):
then we're down to twenty million. They went from sixty
to twenty million in one year twenty twenty to twenty
twenty one. Twenty twenty two, they barely barely made any
profit at all. It was like three million dollars between
the three shows, and then in twenty twenty three they
lost money. Twenty twenty four, like I said, they've now
between the three of them this year, they're going to
(30:11):
lose something around fifty million dollars between the three of them.
So none of them are profitable this year. And why
why is that? Well, again, if you look at the ratings,
all three of them have had massive losses.
Speaker 4 (30:30):
As a matter of.
Speaker 3 (30:30):
Fact, since twenty fifteen, about eighty percent of the audience
has disappeared eighty percent of the audience. As somebody said,
it's like trying to sell ads in newspapers right now.
It's very difficult to sell an ad. I would imagine
if you're a newspaper ad salesperson, because how many people
are actually picking up a newspaper and reading it. It's
(30:53):
very difficult to sell those ads. It's very difficult to
sell ads on a television show that has lost eighty
percent of its audience in the last ten years. It's
just not sustainable. But then, how much does it cost
to produce a late night show? I just asked that
question of the Internet. The Internet says it can range
anywhere from forty million to one hundred and twenty million
(31:15):
per year. Now it's basing that on partly the big
salaries of the hosts, all right, so they're averaging somewhere
around fifteen million dollars a year for the hosts, which
is insane. But obviously, if it's costing forty million to
produce fifteen million, and that's on the low end again,
(31:36):
it's up to one hundred and twenty million in some examples,
fifteen million.
Speaker 4 (31:40):
For the host, So even if the host was free.
Speaker 3 (31:43):
You still have a massive budget, and a lot of
that is for the band. The band costs, believe it
or not, according to this guest admit, they're paying something
around eighty thousand dollars per week for the band. Then
you've got the two hundred people production crew. That is
(32:04):
a massive crew trying to put these shows on. And
then when they're maintaining there like the Ed Sullivan Theater,
that's millions and millions of dollars just to maintain that
a year. Late night television is dead and they're going
to need to have to rethink that, reimagine it and
how it's going to work moving forward. I mean, Great
gutfeld is doing a great job on Fox Late Night,
(32:27):
but his studio is free. It's already been paid for.
I don't know does Great gutfeldt have a band. I
don't watch them because I have to go to bed
early to get up in New morning radio. But I
can see that he's making a profit for Fox, and
I can see that he's winning in the ratings, which
is even more important important the fact that he's beating
all three of the network shows while on a cable
(32:48):
news network and he's still beating ABC, NBC, and CBS.
That's mind boggling. That's never happened before. So congratulations to him,
but that you're going to have to reimagine. We are
going to be the last generation that saw late night
talk shows that kind of rained from the nineteen fifties
till about five ten years ago.
Speaker 4 (33:10):
That's it.
Speaker 3 (33:10):
We're gonna be the last generation. We're probably also going
to be I was talking to a youngster the other day,
we might be the last generation. Well, the people that
are coming into drivers age right now, they may be
the last generation to learn how to drive a car,
as that is becoming a thing of the past. You're
seeing more and more of these self driving vehicles on
(33:32):
the road, and they're talking about how in the next
ten to fifteen years, at this rate, it may become
a law in certain states where it's illegal for you
to drive your own vehicle because the computers will do
a better job than you will do, and so you
won't be able to get insurance for your vehicle if
you're insisting on driving it. So this is an incredible
(33:56):
time to be alive. We are living in some very
exciting times, some obviously challenging times, but exciting nonetheless, so
as you're teaching your teenager to drive, enjoy that because
they might not have that ability in thirty years or so,
to teach their kids how to drive.
Speaker 2 (34:21):
We're all in this together. This is Your Morning Show
with michael Vinheld Joan Now
Hi, I'm Michael, and your morning show is heard on
great radio stations across the country like one oh five,
nine twelve fifty WHNZ and Tampa, Florida News Radio five
seventy WKBN and Youngstown, Ohio and News Radio one thousand
KTOK in Oklahoma City. Love to have you listen to
us live in the morning, and of course we're so
grateful you came for the podcast.
Speaker 2 (00:20):
Enjoy two three starting your morning off right, A new
way of talk, a new way of understanding because we're
in this together. This is your morning show with Michael
del Johno.
Speaker 3 (00:39):
And again Michael del Journal has this week off. My
name is Kelly Nash, coming to you from South Carolina.
This will be my final day filling in my final
work day of the year twenty twenty five.
Speaker 4 (00:51):
And I guess if.
Speaker 3 (00:53):
You're up at this time, you're probably at work right
now as well, So thank you for working hard. By
the way, have you heard Taylor Swift gave out tips
to everybody at the Chiefs game who was working on
Christmas Day, handed out hundreds and hundreds of dollars. One
lady said that's what she gave her was six hundred
dollars in tips. Just handed it to hers. That's twice
(01:16):
her weekly salary, she said. And Taylor Swift, you know
she is one of the winners of twenty twenty five.
I guess you know every year at the end of
the year, people will rate who won, who lost, Who
are the big winners, who are the big losers of
the year.
Speaker 4 (01:32):
We'll go through one of those lists coming up a.
Speaker 3 (01:34):
Little bit later on, and it is your morning show,
so of course we'd love for you to participate on
the talkback feature. All you got to do is on
the iHeartRadio app, look for the microphone, press it. It'll
give you a three two one countdown and you've got
about thirty seconds to leave your comments. But yeah, is
you know you look back on twenty twenty five and
(01:55):
we start getting ready for twenty twenty six. Who are
the winners? Who are the losers? I can tell you
last night the Falcons were the winners and the Rams
were the losers. That was a rough loss for Matthew
Stafford and the gang in Atlanta. But you know, the
playoff picture is becoming a little more clear now and
(02:15):
again we've got two big games coming up this weekend.
You got one on Saturday, and then one on Sunday.
Winners in, losers out, so that'll give you something to
look forward to. And of course college football playoffs. This
is the big year for a lot for the expansions,
and a lot going on with the Rose Ball. They're
(02:36):
saying for the first time in over twenty years, it
looks like the Rose Bowl will have rain during the game,
so that could be somewhat historic as well. Let me
tell you that the folks in the Midwest, Wow, did
you get hammered from EZRA?
Speaker 4 (02:54):
Right now?
Speaker 3 (02:55):
They're saying there's over one hundred thousand people still without
power and another twenty thousand have been added to the
list in New York State as it rolled through yesterday.
So powerful storms affecting a lot of travel. Will keep
you up to date on that. But again, if you
are planning on traveling like i am, I'm planning on
(03:15):
traveling later on today, check your check your forecast, check
the roads, check the airlines. There's lots of delays still,
there's lots of cancelations still, so it is kind of
a mess as we wrap up twenty twenty five in
the air and on the highways New Year's Eve, what's
going on with you. Are you going to be watching football?
(03:35):
Are you going to be going to New York? Are
you going to be going to Well, I'll tell you
where you're not going. You're not going to be going
to the Kennedy Center. If you haven't heard this, there's
been a lot of controversy about the board at the
Kennedy Center has renamed itself the Trump Kennedy Center, and
we've had this is the second cancelation. A New Year's
(03:56):
Eve performance was canceled by some jazz supergroup. I don't
know how you get qualified as a supergroup, but it
says the jazz supergroup the Cookers, which had been scheduled
to perform a jazz New Year's Eve concert, has canceled
their shows. And they said, while we totally disagreed with
the takeover by the Trump administration of the Kennedy Center,
(04:19):
we still believed it was important to honor our engagement
out of respect for both Jane Raley and Alicia Adams,
who curated our first rate dance season, as well as
for the dance audiences in DC.
Speaker 4 (04:31):
However, with the latest act.
Speaker 3 (04:34):
Of the renaming of the center after Donald Trump, we
can no longer permit ourselves, nor ask our audience to
step inside this once great institution. I don't understand the
naming of it is somehow diminished it, I guess, And
then they go on. This is the cancelations come after
(04:56):
the musician Chuck Red pulled out of his Christmas Eve
jazz concert and focusing or Christy Lee announced that she
had canceled her concert for mid January, and Christy Lee wrote,
when American history starts getting treated like something you can ban, erase, rename,
or rebrand, I can't stand on that stage and sleep
(05:18):
right at night that.
Speaker 4 (05:22):
You know.
Speaker 3 (05:22):
You hate to pick left right and those types of
things in these types of instances. But you know, to
Christy Lee's point this, you sound very maga, Christy, because
it was Maga that was pushing back on this whole
idea of renaming and rebranding American history, whether it was
(05:43):
the book sixteen nineteen project, or if it was the
taking down of Civil War statues or renaming of military
bases and trying to act as if the Civil War
didn't happen, as if slavery wasn't a part of our history,
as if not only was it part of our history,
but greatness came out of it. That's one of those
(06:06):
things that Americans really should take a lot of pride in,
and we unfortunately put our heads in the sand and
act as if it wasn't a great achievement in American
history to overcome slavery. The Americans did that. Hundreds of
thousands of Americans died to defeat slavery, and we want
(06:29):
to act like we're embarrassed about that and try to
act as if the Civil War didn't happen, and we're
not going to honor some of those people and even
people you know, I'm coming to you from South Carolina.
I'm originally from Connecticut. That's why I'm traveling to today.
So I've seen it on both sides of the North
and the South arguments, and I understand why a lot
(06:51):
of people in the South they're very proud of their
ancestors who fought in the Civil War. And you know,
if you don't want to take the time to learn
their history, don't criticize it then. But if you want
to take it, if you want to actually invest some
time and learn about why people in the South are
proud of what their ancestors were doing at that time,
(07:13):
despite the fact that there was slavery, despite the fact
that they were not perfect as it were. Once you
speak to them, then perhaps if you still have criticisms,
go ahead and let them rip, but come from the
perspective of knowledge and understanding and rather trying to I
mean again, we're trying to unite the country, not divide
(07:33):
the country. That would be a great goal, which is
one of the reasons that we talk so much about
culture and how important it is for people to assimilate
and speaking that assimilation. One of the places where we
have failed miserably is with the Somalians. And we've got
some updates yesterday in Minnesota. We've also got a big
(07:54):
story coming out of California today and tomorrow will delve
into that. So many things to talk about this morning,
and of course your voice is more than welcome. We'd
love to have you on your morning show. Use the
talkback feature on the iHeartRadio app.
Speaker 2 (08:11):
This is your Morning Show with Michael del Chona.
Speaker 3 (08:20):
Thank you for your encouragement yesterday, many of of the
your morning show listeners chiming in over there on social media.
I certainly appreciated that and look forward to more of
your comments today. Either on social media or using the
talkback feature, perhaps you'll have some comments regarding the state
of California.
Speaker 4 (08:39):
Today is, of course December thirtieth.
Speaker 3 (08:41):
This is my final work day of the year, and
maybe moving day for some folks in California. I'll get
into that reason in just a second. But it was
only last week in California that we were hearing stories
like this.
Speaker 5 (09:00):
This latest report was issued by the state auditor, and
that's a non partisan position. Newly added to the high
risk list as California's food stamp program, if the state
doesn't get the improper payments under control, it could cost
an extra two and a half billion dollars. Also on
there is the Department of Finance, which was tasked with
(09:21):
giving out COVID relief funds. Critics say thirty two billion
dollars of that was taken by fraudsters. Then there are
infrastructure issues like California's deteriorating dams, and also the high
speed train that's already cost tax payers eighteen billion without
a single section of track complete.
Speaker 3 (09:39):
Eighteen billion dollars for nothing so far on the train,
the thirty two billion dollars in COVID relief fraud and that,
I mean, it's unbelievable. And if inside that report, again,
this is a nonpartisan agency inside the state of California
auditing the state of California. Like when Gavin Newsom says
(09:59):
we're dose befo, there was dose were you doesn't really
look like it. One of the things that they found
was six thousand cell phones that they're still paying a
monthly bill on that no one's using those cell phones. Now, again,
that's only several million a month that they were paying for.
(10:21):
It's like two point two million or something like that. Again,
that's a small pittance compared to the billions, but it's
just one of the more frustrating examples for California taxpayers
of how their money is just tinkled away.
Speaker 4 (10:36):
So you get that report last week.
Speaker 3 (10:40):
This week, California's got an idea for a new tax.
Speaker 6 (10:44):
The proposal would impose a one time five percent tax
on the assets of California residents worth more than a
billion dollars. It would require residents to report their total network,
including property, investments, businesses, and other assets. Eight can tax
overall wealth, not just incomes.
Speaker 4 (11:04):
Now I'm I'm literally.
Speaker 3 (11:09):
Stunned that this has gotten as far as it's gotten
because the idea of taxing things that you don't have
money for yet it's been proposed, just never really actually
thought it would come to fruition, and it does look
like it's going to come to fruition in California. So
the way it would work is, if on paper you're
(11:31):
worth a billion dollars, you would have to pay five
percent of that to the state of California. Now there's
only about two hundred people in California who are on
paper worth a billion dollars. But again that's just paper,
that's not real money. So for example, if you are
old enough to remember the dot com boom of the
(11:54):
late nineties, so you're going back roughly thirty years ago,
there were people who became quote unquote billionaires based off
websites that they were building. In many instances, they actually
never made a nickel. They lost money every year on
the website. Yet the valuation of the company was over
(12:18):
a billion dollars. So if this was if this had
happened in the nineties, people who owned some of these websites,
they would have had to pay five percent of the
valuation of the company despite not having a nickel. They
didn't have. They didn't have, as some would say, a
pot to tinkle in. They just had a valuation.
Speaker 4 (12:40):
You know. Elon Musk talked.
Speaker 3 (12:42):
If you go back and watch some of his speeches,
he talks a lot about how he didn't have any money,
even though on paper he was worth three, four or
five hundred million dollars at the time he was living
on somebody's couch because he didn't have any actual cash.
Speaker 4 (12:58):
This would have.
Speaker 3 (12:58):
Destroyed Elon Musk early in his career, this valuation concept.
And so it's a dangerous game. And CNBC was reporting
on it yesterday and talking about how it's already having
an effect.
Speaker 7 (13:13):
Jor capitalists Peter Teel and Google co founder Larry Page
are considering leaving the state or cutting reducing their California
ties by the end of the year. That's according to
the New York Times reporting. Others, including investor Chamath Pala Hapatia,
fired back on AX, writing quote, the inevitable outcome will
be an exodus of the state's most talented entrepreneurs, who
can and will choose to build their companies in less
(13:35):
regressive states. Gary Tann, president of the startup incubator Y
Combinator blasted the proposal as a quote unrealized gains tax
that puts founders on the hook for becoming paper billionaires.
Speaker 3 (13:46):
And that's exactly what we're just talking about, where you're
on the hook. And it's one of those things where
like on paper, again, a billion dollar, most of us
will never the vast majority of people on earth will
never be worth paper a billion dollars. But many of
you are worth a million dollars. And you're and you're
(14:06):
you know, I don't want to say you're poor, but
you know, there's plenty of people like from where I'm
from in the northeast Long Island, Connecticut, New Jersey, those
types of places where they bought a house thirty years
ago for say two or three hundred thousand dollars, that
house is now valued at over a million dollars. Now
they're still working as whatever it is that they do,
(14:29):
and they're making one hundred thousand dollars a year, but
their value, their their net worth is one point three
one point four million dollars. They don't have one point
four million dollars. That's just on paper with their worth.
If you were to come in and say you need
you need to give us five percent of the one
(14:50):
point or even just a million dollars. Well, I got
to write you a check for fifty thousand dollars because
I own my house that's in and of course people
would want to leave. Now here's the word It gets
really interesting for California. You need to be out of
the state by tomorrow. If you're one of these people
(15:13):
on paper, that's worth a billion dollars. Because here's the
way they've set it up. They need to get. First off,
they need to get it on the ballot for November.
In order to do that, they need I think it's
eight hundred and seventy five thousand signatures. It's being sponsored
by two unions, So between the two unions they have
already about six hundred thousand signatures.
Speaker 4 (15:33):
So are there two.
Speaker 3 (15:34):
Hundred thousand or more people You could probably find that.
You know, along the Santa Monica Pier, you could find
two hundred thousand people who hate billionaires. So they're going
to get their eight hundred and seventy five thousand signatures.
Speaker 4 (15:45):
That's not the problem. It'll be on the ballot in November.
Speaker 3 (15:48):
Then the question becomes, can we make enough people in California,
demonize the rich, and that's it. That's an easy game
to play. That's how socialism works. It's class warfare. So
once they get that passed, if it passes in November,
it's retroactive to January first of this year. So if
(16:10):
you're living in the state of California and worth a
billion dollars on paper, the State of California's gonna come
and get their money. It is a crazy proposal. What
do you think about it? Let us know about it
on the talkback feature. You just hit that button right
there the microphone on the iHeartRadio app. Let us know
your thoughts. We'd love to talk about that and other things.
Speaker 2 (16:32):
This is Your Morning Show with Michael del Chno.
Speaker 3 (16:42):
Michael del Journal has this week off and hopefully he's
getting himself refreshed and ready for a huge twenty twenty six.
My name's Kelly Nash filling in and the entire Your
Morning Show crew has this week off, and so it's
just me and Adam, and Adam will be going through
your talkback features. If you happen to want to get
(17:03):
in on any of this conversation. As Michael always says,
it is your Morning Show so it's really driven a
lot by you, and we'd love to hear your content. Now,
we're looking at the year twenty twenty five in review
and where there's all these lists that come out and
people rate, you know, the biggest news stories, so on
and so forth. I'm looking at the New York Post
(17:24):
as a story talking about the biggest winners and losers
for the year twenty twenty five, and it's interesting who
they talk about. Some of these things I had forgotten about,
like the Blue Origin crew. Do you remember Blue Origin?
This was Katie Perry, Gail King. It was the group
(17:47):
of women that went into what is it Low Orbit?
Speaker 4 (17:51):
Is that what it was called? And it was a
Jeff Bezos.
Speaker 3 (17:54):
Thing, And the fact that Gail King insisted on calling
it a mission, it would have been a nothing.
Speaker 4 (18:05):
Burger per se.
Speaker 3 (18:06):
I mean, they had their custom made astronaut uniforms, trying
to be form fitting and sexy and all that sort
of stuff, and they really accomplished nothing other than getting
some publicity for themselves and Jeff Bezos, I suppose. But
when they came back and then and she was like,
you know, you're not going to diminish what we've accomplished.
Speaker 4 (18:28):
That made it a loser right there.
Speaker 3 (18:31):
The fact that you wanted to insist on you had
accomplished something, when in reality you did nothing except sit
in a little capsule and go up and back down
in a couple of minutes.
Speaker 4 (18:42):
This was not like you were testing.
Speaker 3 (18:43):
She was comparing herself to these test pilots back in
the fifties and sixties and those types, you know, putting
their lives on the line. Another person that they list
as a loser is Bill Belichick. And Bill Belichick has
had an amazing life, but this was not a good year.
Whether it's just looking at his personal life and how
(19:05):
many people assume that he's being taken advantage of by
his what is she twenty four years old girlfriend?
Speaker 4 (19:16):
Yeah, twenty four year old cheerleader girlfriend, or.
Speaker 3 (19:19):
Just how his first season went as a college football coach.
It was horrific at North Carolina this year. All in all,
a very bad year for Bill Belichick. Some people are
saying Sidney Sweeney could be a loser.
Speaker 4 (19:33):
I think she's a winner.
Speaker 3 (19:34):
To be honest with you, I know she was called
a Nazi for saying that she had good geens that
commercial I was not really familiar with Sidney Sweeney before that,
so she put me at least I'm aware of who
she is now, and I think there's many more people
aware of her and her brand. And it was a
(19:57):
fantastic commercial because I got everybody talking.
Speaker 4 (20:00):
So I'm gonna put her as a winner.
Speaker 3 (20:01):
Maybe you put her as a loser because like she's
you know, as she pointed out, I got called the
Nazi here. Obviously, huge winner would be the Indiana quarterback
Fernando Mendoza, who wins the Heisman Trophy has Indiana ranked
as the number one football team in the country. I mean,
what a success story and what a great guy too.
Every time this man cracks the mic, it's inspiring. He
(20:25):
is the underdog who overcame everything and is probably going
to be the number one draft pick in the NFL
this year. Love that guy, Diddy. Some are saying, didd
he's a winner. Hard for me to put Diddy in
the winner category. Although he did beat the most serious
charges against him he was facing. Was it life in
(20:48):
prison or maybe just many decades. I think he ended
up with like four years in prison. But I mean,
his reputation has been completely destroyed. He will be forever
linked with baby oil. And now you've got that Netflix
documentary out where it is implying that he had something
(21:09):
to do with both Biggie Smalls and Tupax murders. It's
and then there's other things in there as well. I mean,
it's just if you haven't seen that documentary, it's uh,
it's not for the fainted heart.
Speaker 4 (21:22):
I'll tell you that.
Speaker 3 (21:22):
That that that documentary paints a very ugly picture of
a guy who already had a pretty ugly reputation going.
Speaker 4 (21:34):
You know, I guess you got to say socialism was
a big winner this year.
Speaker 3 (21:37):
You got Mom, Donnie, You've got Bernie Sanders and aoc
on there. I'm trying to remember what they called their tour,
but it was like they were just going across the country,
as you know, like the Trump rallies. They were having
their Socialist rallies, and there were I mean, they were
packed stadiums, they were packed arenas. People wanted to hear
(21:59):
what the socialists had to say. And so that is
a sad indication as to our future because up until
about ten fifteen years ago, if you had said you
had anything to do with socialism, you would have been
an outcast. Socialism had been basically reduced to the ash
heap of history. But now it's back, and it's back
(22:21):
in a big way. As more and more Americans struggle,
especially you know, the younger Americans, struggle with this idea
of how can I make it in America?
Speaker 4 (22:30):
How can I buy a house?
Speaker 3 (22:31):
How can I afford a vacation, how can I do
any of the things that my parents or grandparents did?
And you know, as capitalists, there's two things that we
have to do here. One is inspire them to actually
go and go for the brass ring. When you talk
about what did your parents do and grandparents do, you're
(22:55):
thinking about just the most recent crop. But if you
go back to my parents era, the nineteen sixties and seventies,
it was brutal for them to try to buy a house.
And the house that I grew up in was like
twelve hundred square feet. When's the last time you sold
the twelve hundred square foot house? Most of these kids
(23:15):
would turn their nose up at it. They don't want
to live there, They don't want to live in what
would be considered a lower blue collar type of environment.
Those homes are no longer owned well I mean they're
owned by businesses and they're rented out people who are
on the bottom rung of the ladder right now, they're
renting those places, but they're not buying them. But buying
(23:37):
those types of places is how you actually start accumulating assets,
and that's how you can actually build some wealth. Is
you got to get. I don't want to tell you
how to run your finances, but buying some property is
probably a very good idea because it's a leveraged buy
because you're using the bank's money. You're putting down ten percent,
ninety percent comes from them, and then later on when
(23:59):
you go to se it outside of commissions, you're keeping
the money. You're making the profits, and so that's how,
you know, a lot of people got started. But the
sacrifices that you have to make in order to come
up with that ten percent, and then they lowered it,
and a lot of instances people don't have to put
the ten percent down anymore in order to get approved
(24:20):
for a mortgage, or maybe they have in the last
year or two, but you know, for the last you know,
maybe ten or fifteen years, it was definitely a lot
less than ten percent.
Speaker 4 (24:28):
For a lot of people.
Speaker 3 (24:29):
Sometimes sometimes people were buying homes with no money down
not that long ago, which seems absolutely insane, and it
was insane. That's how you got a housing bubble. But yeah, first,
so you got to get the younger people inspired to
do the hard work to recognize that. Like my stepfather
was working eighty five ninety hours a week in order
(24:52):
to buy a little, tiny, crappy house.
Speaker 4 (24:56):
That's what he had to do. And you know how
much many.
Speaker 3 (25:00):
People are working eighty five ninety hours a week right
now that are under the age of thirty. Very few
those that are are probably going to be very successful
at life. And then the other thing is, of course,
the affordability and Donald Trump, I think has got some
great ideas on how to do that. We heard a
little bit about the housing affordability crisis that Donald Trump's
administration is meeting right now to discuss and how to
(25:23):
come up with newer plans to lower the costs on
new homes. I think, you know, I don't think we
need fifty year mortgages.
Speaker 4 (25:32):
Maybe you do. I you know, I'm looking at car
payments right now. Did you know that the.
Speaker 3 (25:36):
The median car payment right now is like seven hundred
and fifty dollars a month.
Speaker 4 (25:41):
That seems a bit egregious.
Speaker 3 (25:43):
Even used cars now are going car payments are over
five hundred dollars a month for the median used car.
That whole idea of a three hundred dollars car payment
that thing died, I guess fifteen twenty years ago.
Speaker 4 (25:55):
But either or.
Speaker 3 (25:59):
Sacrife, vice, dedication to work, those types of things can
pay off big. As Dave Ramsey always says, you want
to live like no one else today, so you can
live like no one else tomorrow. You got to really
sacrifice for a number of years to stockpile some money
so that you can invest that money and get some
big returns. And then once you've done all that, then
(26:20):
you're going to live like no one else in the
sense that you're going to just be enjoying the fruits
of your labor. Back to the winners and losers list,
they've got, Oh, Meghan Markle, how do you have Meghan
Markel on there? But she don't have her husband? It
says Meghan Markle. We love Meghan has totally bombed on
(26:43):
Netflix and she's getting dragged all over social media. I
would think that her husband would have to be considered
a loser as well, because I mean he's he's basically
given up.
Speaker 4 (26:55):
His royal name. It's gone.
Speaker 3 (26:58):
He's no longer a part of the royal family in
order to chase love, and he's come to California where
he's getting taxed to he might be one of those billionaires.
Prince Harry may have to I just thought of that.
He may on paper be a billionaire. Prince Harry and
Megan Markle may have to escape California. Charlie Sheen came
back as a winner this year, clean and sober, and
(27:21):
you know what has been about ten fifteen years since
he went through that crazy period.
Speaker 2 (27:28):
This is your Morning Show with Michael del Chno.
Speaker 3 (27:37):
You know, we went through the list that the New
York Post had put together of winners and losers in
twenty twenty five. One of the things that I didn't
mention that I think, I feel like it's got to
be mentioned massive losers in twenty twenty five late night
talk shows. And I just did a little search here
on the late night talk shows. Of course, it kind
(27:59):
of came to my attention when they canceled Stephen Colbert
and by the way, what kind of a cancelation is
that he's still on the air. So he'll be on
the air I think until what June of this year,
you know, And for them to put up this idea
that Colbert was canceled because of Donald Trump finds him
(28:19):
offensive and the president, you know, the No King's rallies
were born out of that, and he can't just dictate
to us who's on television and blah blah blah. But
according to CBS, he was losing about forty million dollars
a year.
Speaker 4 (28:35):
Well, how is that possible? How is it possible to
lose forty million dollars a year?
Speaker 3 (28:41):
So I did a little bit of of a search here,
and it turns out that every one of the network
shows late night, so it's Jimmy Kimmel Live, the Late Show,
and The Tonight Show, all three started losing money in
the year twenty twenty three. That was the first year
that they went from profitable to loss.
Speaker 4 (29:03):
Now they lost.
Speaker 3 (29:04):
More in twenty twenty four, and the all three of
them lost more in twenty twenty five. But if you
go back to twenty fifteen, so just ten years ago,
the three of them combined, we're making one hundred and
eighty million dollar profit. Twenty sixteen, they dropped it down
to one hundred and forty five million, then the next
(29:26):
year one hundred and twenty eight million, twenty eighteen, one
hundred million. You see, we're in we're in a bad
spiral here, we're going the wrong way. But still twenty eighteen,
one hundred million dollars between three shows profit, that's fantastic.
Twenty nineteen, we're down to eighty, then we're down to sixty,
(29:49):
then we're down to twenty million. They went from sixty
to twenty million in one year twenty twenty to twenty
twenty one. Twenty twenty two, they barely barely made any
profit at all. It was like three million dollars between
the three shows, and then in twenty twenty three they
lost money. Twenty twenty four, like I said, they've now
between the three of them this year, they're going to
(30:11):
lose something around fifty million dollars between the three of them.
So none of them are profitable this year. And why
why is that? Well, again, if you look at the ratings,
all three of them have had massive losses.
Speaker 4 (30:30):
As a matter of.
Speaker 3 (30:30):
Fact, since twenty fifteen, about eighty percent of the audience
has disappeared eighty percent of the audience. As somebody said,
it's like trying to sell ads in newspapers right now.
It's very difficult to sell an ad. I would imagine
if you're a newspaper ad salesperson, because how many people
are actually picking up a newspaper and reading it. It's
(30:53):
very difficult to sell those ads. It's very difficult to
sell ads on a television show that has lost eighty
percent of its audience in the last ten years. It's
just not sustainable. But then, how much does it cost
to produce a late night show? I just asked that
question of the Internet. The Internet says it can range
anywhere from forty million to one hundred and twenty million
(31:15):
per year. Now it's basing that on partly the big
salaries of the hosts, all right, so they're averaging somewhere
around fifteen million dollars a year for the hosts, which
is insane. But obviously, if it's costing forty million to
produce fifteen million, and that's on the low end again,
(31:36):
it's up to one hundred and twenty million in some examples,
fifteen million.
Speaker 4 (31:40):
For the host, So even if the host was free.
Speaker 3 (31:43):
You still have a massive budget, and a lot of
that is for the band. The band costs, believe it
or not, according to this guest admit, they're paying something
around eighty thousand dollars per week for the band. Then
you've got the two hundred people production crew. That is
(32:04):
a massive crew trying to put these shows on. And
then when they're maintaining there like the Ed Sullivan Theater,
that's millions and millions of dollars just to maintain that
a year. Late night television is dead and they're going
to need to have to rethink that, reimagine it and
how it's going to work moving forward. I mean, Great
gutfeld is doing a great job on Fox Late Night,
(32:27):
but his studio is free. It's already been paid for.
I don't know does Great gutfeldt have a band. I
don't watch them because I have to go to bed
early to get up in New morning radio. But I
can see that he's making a profit for Fox, and
I can see that he's winning in the ratings, which
is even more important important the fact that he's beating
all three of the network shows while on a cable
(32:48):
news network and he's still beating ABC, NBC, and CBS.
That's mind boggling. That's never happened before. So congratulations to him,
but that you're going to have to reimagine. We are
going to be the last generation that saw late night
talk shows that kind of rained from the nineteen fifties
till about five ten years ago.
Speaker 4 (33:10):
That's it.
Speaker 3 (33:10):
We're gonna be the last generation. We're probably also going
to be I was talking to a youngster the other day,
we might be the last generation. Well, the people that
are coming into drivers age right now, they may be
the last generation to learn how to drive a car,
as that is becoming a thing of the past. You're
seeing more and more of these self driving vehicles on
(33:32):
the road, and they're talking about how in the next
ten to fifteen years, at this rate, it may become
a law in certain states where it's illegal for you
to drive your own vehicle because the computers will do
a better job than you will do, and so you
won't be able to get insurance for your vehicle if
you're insisting on driving it. So this is an incredible
(33:56):
time to be alive. We are living in some very
exciting times, some obviously challenging times, but exciting nonetheless, so
as you're teaching your teenager to drive, enjoy that because
they might not have that ability in thirty years or so,
to teach their kids how to drive.
Speaker 2 (34:21):
We're all in this together. This is Your Morning Show
with michael Vinheld Joan Now
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