Global warming, I like that. I knew it was to blame for everything.
One thing that comes to mind is that it may work to the advantage of Y&R/B&B that they sell well overseas, bringing in welcome extra cash to offset some of that investment. ATWT....in anything I've read, I've never seen that one pop up as a comparably popular show elsewhere.
As for the telecommunications act, GL was replaced by a Fremantle-produced show, and we have no word on whether ATWT will be replaced by something out of the CBS stable or not. Frankly, though, from a viewing perspective, who produces a show isn't relevant. How many viewers do you think could actually cite the studio behind a given show, let alone care? That act coincided with the explosion of digital viewing options, satellite and digital cable (and more recently online, though all major research shows that viewing is additive, not a replacement). It's not realistiv to think that the networks would somehow be doing that much better being saddled with outdated regulations when their audience declines are a product of more slices to the pie.