The Jay Leno show would be profitable if it garnered a 1.5 share of the audience. As of late, it isn't even reaching that meager goal. Shows have been cancelled this year that were generating much better ratings than this. In fact, earlier shows in the Monday 10PM slot like Studio 60 on the Sunset Strip and Journeyman did better than Jay Leno is doing now.
Put it this way: on Monday, WWE wrestling on cable beat Jay Leno, and those were troubling numbers for RAW.
So can someone please put the viewing public out of its misery and finally cancel Jay Leno. I am even willing to bet that if NBC bought the rights to the other shows that have recently been cancelled, I don't think they could possibly do worse than they are right now (and it would likely garner them some great press too). Or they could show reruns of shows which get good DVR ratings to perhaps buoy their ad sales (since there would be no additional production costs for doing that).
Of course, if it was ultimately their goal to seriously weaken Jay Leno as a late night threat after his time at NBC, well, they have likely more than succeeded. I don't think he is a threat to anyone in late night now.
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