After being reelected as chairman and CEO of the Academy of Television Arts & Sciences, John Shaffner faces a new challenge: Renewing the broadcast network contract to air the Primetime Emmy awards ceremony on favorable terms, reports The Hollywood Reporter.

The contract is in its final year of the current deal, and ratings have been dropping.

"This is a challenge; it’s a puzzle, but it’s not impossible," Shaffner said. "I believe the TV business wouldn’t be the same without a big wonderful Emmy program every year."

–Elizabeth Jensen