While CBS has issued a warning about the future of As the World Turns, the top-rated soap opera for the network, The Young & the Restless, has been given a two-year renewal, according to SoapCentral.com.
The renewal came with strings attached, the report said. Producers for the number one Nielsen rated daytime drama have been told to trim the budget and cut production costs. Steve Mosko, Sony Pictures Television president, met with cast and crew to announce the renewal, as well as to explain that a cut in the soap’s licensing fee may result in reduced salaries and job losses.
—Allison J. Waldman