The document discusses a multimedia corporation that owns several television networks, including Nickelodeon, which has seen a severe decline in viewer ratings over the last 4 years. It proposes reducing airtime for the network's highest rated show, Spongebob, from 40% to 25% of content to make room for new programming and recapture its target 6-11 year old audience. Charts show ratings have improved slightly over the past 2.5 years but haven't reached 2011 levels. The proposal includes a cost analysis for adding additional shows and implementing larger online ads.