Jun 7, 2024 - Economy

Pat Sajak signs off

Pat Sajak hosting Wheel of Fortune.

Retiring Wheel of Fortune host Pat Sajak. Photo: Christopher Willard/ABC via Getty Images

Pat Sajak is signing off tonight from Wheel of Fortune.

Why it matters: Game shows are still big profit-drivers for broadcasters despite the streaming upheaval — the media equivalent of the horseshoe crab in terms of evolutionary survival.

By the numbers: Wheel generates over $100 million a year for parent Sony Television, KCRW reported last year, citing Puck News' Matt Belloni.

  • The show draws around 8 million viewers a night, rivaling nearly anything on TV apart from the NFL, per a NYT report last year.

Between the lines: The NYT credited Sajak and co-host Vanna White with pulling the show off "ratings life support" in the 1970s.

What's next: Ryan Seacrest will take over behind the wheel.

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This story was an excerpt from Axios Closer, a recap on the day's biggest business stories.

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