As Economy Falls, Recession TV Revs Up

"Something like a 'House Hunters' or 'Flip This House' will obviously have to adapt to recession realities," Rapping said. "It would be really fun to see how someone like crazy Jeff Lewis from 'Flipped Out' handles a bit of comeuppance now that [the] housing boom has busted."

"But blue-collar reality shows like 'Dirty Jobs' and 'The Deadliest Catch' are doing really well," said Tomashoff. "And it's an ideal time for something like 'Extreme Makeover: Home Edition.'"

"Case in point: Last week, Fox debuted 'Secret Millionaire,' which did much better than anyone expected," Tomashoff added. "It's rich folks living like poor folks, then giving away money. That's what people want to see."

So, while times may be tough, this recession could be a real boon to the broadcast business.

"There is a real opportunity for network television here," said Rapping. "People are skimping, but the TV stays on. They want to save their money, so they're staying home and they'll be tuning in. Americans want to be entertained, but they do want to see their realities reflected on TV."

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