For reference, there are only four major American broadcast networks that air their programming in the English language. So this is quite a decline for an evening of entertainment that was, for years and years, home to the most popular and acclaimed shows on television.
You might be saying, "You can't do a spin-off of Friends! Know why? Because they tried it! It was called Joey and it failed!" If you can do a spin-off of Cheers, All in the Family or Hercules: the Legendary Journeys, you can do a spin-off of anything.
When President Obama appeared in front of hundreds of chomping-at-the-bit Republicans with the cameras rolling on live TV he not only made for Must See TV, he also provided the jolt that voters want to see.