When I tune into "American Idol" tonight, I will expect more of the same.

There will be the usual varieties of contestants annoyingly naive (David Archuletta), wannabe rockers (Bo Bice), pretty but talentless (Antonella Barbra), the vacuous (Kellie Pickler), weirdos (Sanjaya Malakar) and the wastes of space (Kevin Covais).

Viewers will hear Simon Cowell be biting, Paula Abdul be spacy and Randy Jackson be cool. The wildcard is new judge Kara DioGuardi who recently told Rolling Stone that the male contestants were the strongest. How seriously, though, can you take someone whose company was responsible for such odious tunes as Nick Lachay's "Best of Me?"

But will the viewers come? Of course the show is still the No. 1 program on TV, but there are signs that the program is fading. Viewership fell during the last season though 32 million people tuned into the anti-climatic season finale that featured an unfunny cameo by Mike Myers as "The Love Guru."

It's just weeks away -- a potentially big change for the television show that transfixes America. But how many people would watch it if the show's superstar decided to take a hike? That's not just a troubling question for viewers of the show but for investors in the stock of the company that licenses it around the world. What show am I talking about? American Idol. Which star is thinking of leaving? Wait for it -- Simon Cowell. And what stock could take a beating if he leaves? CKX Inc (NASDAQ: CKXE).

Simon Cowell is thinking of leaving American Idol. According to MSNBC, Simon said "I'll make a decision about (whether to stay with the show) next year." Why would Simon leave? He claims it's not personality conflicts but the workload and his belief that the show could keep those demands going "for another 10 years." But if Simon leaves, would the show be as popular? Could the producers find someone else to be the harsh voice of reality?

That's an important question for investors in CKX. Way back in June 2007, CKX accepted a bid to go private in a $1.3 billion LBO led by its founder Robert Sillerman. But on November 4. 2008, that deal fell apart due to tightening credit conditions. This put Sillerman's 19X, which was leading the buyout, on the hook for a $37.5 million termination fee, which it said it would pay for with about 3.3 million shares of CKX common stock then valued at $11.08 per share and $500,000 in cash. The company said it will pay the fee in full within 30 days of the deal's termination date.

The gleam of the American Idol brand is brighter than ever after CNNMoney.com reported that billionaire and media magnate Robert F.X. Sillerman made a successful bid to take the AI franchise owner, CKX Inc (NASDAQ: CKXE) private. CKX announced Friday it accepted the offer from a group led by its current CEO, Sillerman, for $1.3 billion. Since Sillerman and other board members already owned 46% of outstanding capital stock, sale approval was a slam dunk.

The offer of $13.75 per share carried a 29% premium. However, according to the Wall Street Journal's MarketBeat, this fell well short of the $20-25 value investors placed on the stock.

Other CKX holdings include the rights to Elvis Presley, his music and his Graceland estate, as well as the rights to the name, image, and likeness of Muhammad Ali.

The company is attempting to grow its Presley line by enlisting the help of Cirque du Soleil in creating Presley-themed shows. It already has a deal with MGM Mirage to stage a permanent, live Presley show on the Strip in Las Vegas beginning in 2009. CKX also operates the Heartbreak Hotel, near Graceland, which might be a good place for the stockholders who feel the sale price was low to commiserate.

The company also plans to extend its Idol franchise worldwide. Since Simon (who needs a last name?) is contracted to the company, as well as holding a seat on the board of directors, we can safely assume his involvement won't be affected by the transition.

Tonight and tomorrow mark the culmination of 40-plus hours of prime-time broadcast, hundreds of performances, and millions of tears as American Idol crowns its sixth champion. The ratings juggernaut for News Corp's (NYSE: NWS) FOX network has three more hours of advertising revenue before it wraps for the season.

For those among us who still care (I tuned out around final-four time), it's the critical moment where America (ostensibly) decides between eccentric beatboxing innovator Blake Lewis and teenaged belter Jordin Sparks.

The Kodak Theatre will be bursting at the seams, Simon Cowell will likely have traded his trademark plain tee-shirt for a suit, and Paula Abdul will have a bandaged face after a mishap with her Chihuahua. According to her publicist, the kindest of Idol's judging trio fell this weekend, breaking her nose and fracturing her toe as she avoided trying to step on her miniature pooch. The spokesman for the former pop star said that "She's a little sore, but is doing fine."

The dog was not hurt.

Beth Gaston Moon is an analyst at Schaeffer's Investment Research.

I was outraged this morning when my local news station broadcast the results from last night's "American Idol" -- Melinda Doolittle was voted off.

Simon Cowell made his preferences clear on Tuesday night. He wanted Jordin Sparks off and expected two finalists: Doolittle for her consistently excellent singing and Blake Lewis for his risk taking. I am guessing he thought those two had the best chance to make him money through record sales. I would have preferred to see Lewis go since I find him a mediocre singer who uses -- what I find very annoying "beatboxing" -- to make up the difference.

So why did Doolittle lose? There is no way to find out why she got fewer votes but my hunch is that she lacks charisma. Lewis probably took up the Sanjaya Malakar slack with the 12 year old girls and 17-year old Sparks exudes confidence and talent. While Doolittle lacks that magical quality, there is no doubt that she can sing better than the two finalists.

And if her post-Idol career is anything like last season's #4, Chris Daughtry's, Doolittle will be fine. However, with Doolittle off the show, it may hurt the ratings a bit for Idol owner, CKX Inc. (NASDAQ: CKXE) and News Corp.'s (NYSE: NWS) Fox.

Peter Cohan is President of Peter S. Cohan & Associates, a management consulting and venture capital firm. He also teaches management at Babson College and edits The Cohan Letter. He has no financial interest in CKX or News Corp.

American Idol didn't just jump the shark last night. It transformed itself into a nauseating celebration of corporate sponsorship and celebrity self-indulgence that was breathtaking to behold.

Though AIDS in Africa and hunger in America are serious issues that deserve the public's attention and charitable donations, I had trouble taking "Idol Gives Back" seriously. Then again, my cynicism kicks into high gear whenever I see a gaggle of celebrities trying hard to convince me that I should care about something. Actors and corporations have a right under the first amendment to express their political views, but I have just as much of a right to ignore them.

"Idol Gives Back" was all about the close bonds between Hollywood and Wall Street.

American Idol makes big money from the advertising that's integrated into its show such as the glasses on the judges' table that have the Coca-Cola Co. (NYSE: KO) logo on them and those idiotic Ford Motor Co. (NYSE: F) commercials featuring the contestants doing renditions of pop hits that have as much musicality as a high school rendition of "Grease."

As an Idol viewer, I can live with all of that stuff. Heck, I even put up with the hapless Sanjaya Malakar, who was in the audience last night.

But host Ryan Seacrest took America's top-rated program into new territory last night with his prodigious thanking of all of the sponsors, including Fox's parent News Corp. (NYSE: NWS) and ExxonMobil Corp. (NYSE: XOM). He made these multi-billion corporations sound almost saintly at times.

Last night's American Idol yielded two big shockers this morning: Sanjaya Malakar can sing and J.Lo may be splitting with her husband.

As J.Lo said at the beginning of the show "I think the key to any Latin thing is passion." Malakar, who sang "Bésame Mucho" delivered on that premise -- particularly with the Spanish vocals. And I guess that J.Lo is not getting that Latin thing from her husband -- Marc Anthony. MSNBC reports that she blames Anthony for her stalled career and his "controlling ways" -- and plans to divorce him.

But none of this matters. What's really important is that if Malakar can sing, he's no longer the worst. And who will Howard Stern pick to replace him?

Vote for the Worst enjoys being a fly around the Tyrannosaurus Rex that is "American Idol."

`"American Idol" isn't really a talent competition," said Dave Della Terza, who founded the snarky Web site in 2004, in an interview. "It's a carefully crafted realty show."

Della Terza hasn't made many friends at Fox and its corporate parent News Corp. (NYSE: NWS) or among rabid fans who regularly accuse him of trying to ruin America's most popular television show. Their angry emails on Vote for the Worst are hysterical.

Topic number one on the minds of his readers is Sanjaya Malakar. For those of you who are in a cave or in a coma, Malakar is a hapless young man who has managed to charm his way into the hearts of the American public. Every week, millions of viewers wait to find out what pop song the 17-year-old will butcher next.

In other words, Malakar is perfect for Vote for the Worst.

"It's pretty obvious that he's scared out of his mind," he said. "It's so awkward that the judges never know what to say."

Last night was no exception. Malakar put his long flowing brown hair into a mock Mohawk. His rendition of No Doubt's "Bathwater" was weird. Simon Cowell summed it up perfectly when he said that at this point it doesn't matter what the judges say about Malakar. Cowell is Sanjaya's "favorite" judge because he's "brutally honest," according to the show's Web site.

This season has had a few highlights for Della Terza. Idol contestant Chris Sligh, the chubby guy with the curly hair, gave him a shout out after finishing one of his songs. The site was also mentioned on VH1's "Best Week Ever."

"He understands the humor behind our Web site," he said of Sligh.

Maybe he'll have more time to enjoy Vote for the Worst. Sligh's rendition of "Every Little Thing She Does is Magic" didn't rock the house.

Try as it might, Fox can't ignore Vote for the Worst.

The site gets about one million hits a day and as many as four million hits on show nights. I had trouble getting on Vote for the Worst during last night's broadcast.

Vote for the Worst makes money, but not enough for Della Terza to make a living, he said.

Della Terza took pains to point out that he has a real job. Actually, he's got two of them.

"This is definitely not a job," he joked.

Some of you may be bored with my American Idol fascination by now, and still others do not share my view that studying this show has any relation to the stock market. In either case I will continue to follow the Sanjaya saga as if I were following a possible acquisition.

Sanjaya survives again!? For those of us who were originally perplexed, along with Simon Cowell, as to how he could be voted into the top twelve -- Holy Cow Batman! -- Sanjaya is now in the top eleven.

When I first tried to rationalize his success I posted: American Idol: Are Indian call centers skewing the vote? Which created as much a stir as Sanjaya's success. One of my detractors was VR, who expressed his displessure with my post. I used his comments in the: Sunday Funnies: American Idol - Indian Idle, although he was not that funny. Out of respect for a contrary opinion and his right to have one I asked him if he would like to comment further and here is what he said:

Voting has begun for the Best & Worst of 2006 and so far real estate mogul Donald Trump seems to be one of the early favorites. Trump has taken an early lead in the Most Annoying Money Personality category with 35% of the vote, and his hair has taken a commanding lead in the Worst Signature Style with 81% of the early vote.

Jim Cramer and Suze Orman aren't far behind Trump as the Most Annoying Money Personality, with 29% and 22% of the vote respectively. Mark Cuban trails with only 14%, but it's still anybody's game.

Despite Lee Raymond defenders leaving comments on his behalf, the former ExxonMobil (NYSE:XOM) chief has taken the lead as the Most Overpaid CEO with 44% of the vote. Bob Nardelli of Home Depot (NYSE:HD) follows with 25%, then Barry Diller of IAC (NASDAQ: IAC) with 20%, and Terry Semel of Yahoo! (NASDAQ: YHOO) bringing up the rear with 10%.

In the Worst Signature Style category, Simon Cowell's T-shirt (11%) and Steve Jobs's turtleneck (6%) are fighting for distant second place, while Warren Buffett's glasses are showing signs of being the dark horse with only 2% thus far.

The Up-and-Comer nominees are set to be profiled later today, with more nominees in more categories to be examined in the days ahead. But go ahead and vote for your favorites, or for the underdogs. Voting ends December 24.

As they are so fond of saying in Chicago, vote early and vote often.

This post is written as part of AOL Money & Finance's Best & Worst 2006. Vote for Simon Cowell's T-shirt or check out the other signature styles.

Simon Cowell, the snarky judge of the successful reality shows American Idol and POP Idol, is probably best known for exactly that -- his style of judging. His direct, no-nonsense, politically incorrect and brutally honest commentary has earned him nicknames such as Judge Dread and Mr. Nasty (probably naasty with a British accent).

Simon Cowell ranked 29th in the Forbes Top 100 Celebrities list, with his top attributes being "rude" and "mean." It's no wonder when he says to contestants things like, "If your lifeguard duties were as good as your singing, a lot of people would be drowning."

But as much as Simon Cowell is known for his snarky ways, he's also known for his manly monochromatic T-shirt collection, most notably the tight black Armani T-shirt, of which he owns 30, no less.

Jeans and T-shirt -- gotta love that, don't you? Who wouldn't wish to become rich and famous without ever worrying too much about what to wear? Wouldn't it be great if you knew that whenever and wherever you went, you could wear your jeans and black T-shirt? And this might be the exact appeal of Simon Cowell's "uniform"; it's plain, simple and any of us can do it. That's what I like about it. Cowell doesn't dress too fancy or patronizing (like fellow weasel Ryan Seacrest), so that when he says what he has to say, it's taken seriously.