The Walt Disney Co. has, after months of back and forth dealmaking, resigned ABC president Stephen McPherson's contract for an "unspecified" number of years. [NYT] This is significant because McPherson has turned the network into America's most favoriteist channel, where all the shows worth watching (Lost, Ugly Betty, Desperate Housewives, Dancing with the Stars, Grey's Anatomy) are housed, bringing the channel's ratings to the No. 2 spot, while a guy like Jeff Zucker keeps getting re-upped at NBC despite dragging the network from No. 1 to No. 4, and then to No. 3.