Several questions loom as the broadcast networks unroll lavish pitch presentations for buyers May 12 in New York.

The main question surrounds whether or not American Idol can be saved.

Fox’s profits on the show have tumbled as the show’s juggernaut status has dissipated, but the network still makes $250 million-$300 million each year on the show, well-placed sources tell THR.

That’s significant in an era of declining revenues overall, but the show is down 27 percent in the 18-49 demographic, Idol’s steepest year-over-year decline ever.

For more on this story, visit Marisa Guthrie (The Hollywood Reporter)