Uh-Oh! American Idol Is Looking To DOWNSIZE For Its New Season!

Well, this certainly doesn’t calm any nerves that folks may have now that Jennifer Lopez AND Steven Tyler have called it quits!
Remember how we reported that American Idol producers have been looking to ‘revamp’ the series for its upcoming 12th season?
Well, apparently, that means massive cuts to budget, staff, AND salaries when the reality competition returns this fall!
According to reports, the weak ratings from last year are the cause of the need to reduce costs, as its ad revenue will no doubt be affected by the 25% drop!
Furthermore, sources reveal that now that two-thirds of their judges panel is now gone – AND Randy Jackson most likely on his way out – producers are scrambling to replace them…but that certainly can’t be easy now that they’re trying to cut back on spending!
Can’t snag big name stars – and BIG ratings – if you can’t afford to pay their salary!
Yeesh! This sounds like a MESS!
But hey! Perez is STILL available!
Just saying! Ha!
What do U think?? Will U be tuning into Idol this fall?
[Image via WENN.]