As for what Reilly left behind at his most recent post, beyond pressure and poor ratings, he said he hopes Friday Night Lights, a critically acclaimed ratings laggard that he fervently championed during his tenure at the network, has a long run.

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Baseball's high salary structure has put executives and managers under deep pressure to produce quick results, lest clubs lose the strong television ratings, robust attendance and post-season games that boost their bottom lines.

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When the bubble in government debt finally bursts under the pressure of rising rates and unsustainable interest expense, he said, the ratings agencies, as always, will be late to make the call.

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Private universities and colleges with lower credit ratings, as well as smaller public universities, reported the most enrollment pressure, according to Moody's.

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