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CBS bomb 'Viva Laughlin' canceled after 2 episodes -- what's next?

Did these fools learn nothing from Cop Rock? Viva Laughlin, the universally panned musical/mystery/drama/casino-intrigue series has been canceled after just two airings. What's worse, the show has been pulled after just one try in its regular Sunday-night time slot.

While the CBS Corp. (NYSE: CBS) show was rife with talent, including star Melanie Griffith and executive producer/star Hugh Jackman, it suffered from pitifully low ratings and even worse reviews. On Sunday, the program scored a 1.2 rating and a 3 share among adults 18-49. Last Thursday's premiere, helped by a CSI lead-in, turned in ratings that were also disappointing. The show was based on a successful BBC series, Viva Blackpool. This strategy has certainly been hit (The Office) and miss (Coupling) when it comes to stateside programming.

Filling the Sunday 8 p.m. time slot will be reruns of CSI until the new season of Emmy-winning reality show The Amazing Race begins November 4.

Continue reading CBS bomb 'Viva Laughlin' canceled after 2 episodes -- what's next?

Cancellation numbers still horrific at Ryland

The Ryland Group Inc (NYSE: RYL), the California-based homebuilder, released preliminary results last night. What continues to be most striking about homebuilder results is the magnitude of cancellations, suggesting either how widespread speculation was or how difficult it is for new homebuyers to get financing.

Cancellations were approximately 34 percent of gross orders for the quarter, compared to 35.9 percent in the second quarter 2006. Preliminary closings totaled 2,461 units in the period, compared to 3,803 units in the second quarter of 2006, a decline of 35.3 percent.

These are simply huge numbers. Add to this the shakeout that continues to unfold in the mortgage market as hedge fund and investment firms have to mark their portfolios to market for less liquid holdings, suggesting the housing and mortgage market still have a long way to go before the industry's problems are behind them.

Symbol Lookup
IndexesChangePrice
DJIA-154.4810,309.92
NASDAQ-37.612,138.44
S&P 500-19.141,091.49

Last updated: November 27, 2009: 01:41 PM

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