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Christine Heyward, a respected journalist, arrives to discover that she's the only member of her news team retaining her job. The new head of the show, a game show creator, changes the format and the news becomes a game show with a ""MTV mentality."" Despite intial hesitation, Christine sells out but soon discovers she's been suckered.

The company attempts to put on a ""live show"" centering on an eccentric millionaire who's attempting to murder his wife. Complications ensue when Richard Kind's aunt Wanda (also played by Burnett) thinks that Carol has invited her to perform in the show.